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BREAKING: FG Apologises For Asking All Bank, Other Account Holder To Re-register |The Republican News

President Muhammadu Buhari; CBN Governor, Godwin Emefiele; and Minister of Finance, Zainab Ahmed



By Sodiq Oyeleke

The Federal Government has apologised for asking all account holders in the country’s financial institutions to register their details again.

The PUNCH reports that the FG earlier asked all account holders in banks, including insurance companies, to fill and submit a Self-Confirmation form.

The order was given despite the possession of the Bank Verification Number and the National Identification Number by account holders on Thursday.

Failure to do so, the Nigerian government threatened to block access to defaulters’ accounts or impose a monetary penalty.

The order to fill another Self-Confirmation form, despite the existing BVN and NIN, had attracted condemnations on social media.

However, in a tweet on Friday, the government apologised for misinformation.

It tweeted, “We apologise for the misleading tweets (now deleted) that went up yesterday, regarding the completion of self-certification forms by Reportable Persons. The message contained in the @firsNigeria Notice does not apply to everybody. FIRS will issue appropriate clarification shortly.

In a press statement, the Federal Inland Revenue Service explained that only “reportable persons” are expected to submit the form.

The statement read, “This is to clarify the publication for financial institutions account holders in Nigeria to complete the self-certification form, pursuant to the Income Tax (Common Reporting Standard) Regulations 2019 which is for the fulfilment of Automatic Exchange of Information Requirements.

“The Self Certification form is basically to be administered on Reportable persons holding accounts in Financial institutions that are regarded as “Reportable Financial Institutions” under the CRS.

“Reportable persons are often non-residents. And other persons who have a residence for tax purposes in more than one jurisdiction or Country.

“Financial Institutions are expected to administer the Self Certification form on such account holders when the information at its disposal indicates that the Account holder is a person resident for tax purpose in more than one jurisdiction.

“The information that indicates an account holder is a resident for tax purposes in more than one jurisdiction, is expected to be available to Financial Institutions during the account opening processes for the KYC and AML purpose.”

Earlier, the Nigerian government said all persons holding accounts in different financial institutions are required to complete and submit the form to each one of their institutions.

It had tweeted, “This is to notify the general public that all account holders in Financial Institutions (Banks, Insurance Companies, etc) are required to obtain, complete, and submit Self – Certification Forms to their respective Financial Institutions.

“Failure to comply with the requirement to administer or execute this form attracts sanctions which may include monetary penalty or inability to operate the account.” (Punch)

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BREAKING NEWS: Buhari Appoints Police Commissioner, Bala Ciroma As New Acting EFCC Boss |The Republican News

New Acting EFCC Chief, CP Bala Ciroma

President Muhammadu Buhari reportedly appointed the Commissioner of Police of the Federal Capital Territory (FCT), Bala Ciroma to take the former position of Ibrahim Magu as the new acting Chairman of the Economic and Financial Crimes Commission (EFCC).

Meanwhile, Ibrahim Magu has reportedly moved his personal belongings out of his official residence in Maitama.

Similarly, Magu’s Karu residence in Abuja residence was searched by security operatives on Tuesday evening.

These are connected to the ongoing investigations into allegations of corruption leveled agains him.

It is not clear if the security operatives visited his official residence in Maitama, but information gathered revealed that the suspended EFCC boss has packed his personal properties from the Maitama house

The seven-man presidential panel continues sitting today.

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BREAKING NEWS: Buhari Suspends Acting EFCC Chairman, Ibrahim Magu

EFCC Acting Chairman, Ibrahim Magu

President Muhammadu Buhari has suspended the acting chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, The PUNCH can report.

Buhari had earlier set up a presidential panel headed by Justice Ayo Salami to probe the various allegations leveled against the EFCC boss. (Punch)

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BREAKING NEWS: DSS Arrests EFCC Acting Chairman, Ibrahim Magu For Alleged Money Laundering, Others

EFCC Acting Chairman, Ibrahim Magu

He was arrested over allegations that he owns four properties and that he was allegedly transferring funds abroad through a third party.


Acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, has been arrested by the Department of State Services.

He was arrested over allegations that he owns four properties and that he was allegedly transferring funds abroad through a third party.

He was arrested at the Wuse II office of the DSS on Monday afternoon and is now undergoing interrogation at the DSS Headquarters In Aso Drive.

The DSS in a 2016 report revealed that Magu was living in a N40m mansion.

“In December 2010, the Police Service Commission (PSC) found Magu guilty of action prejudicial to state security – withholding of EFCC files, sabotage, unauthorised removal of EFCC files and acts unbecoming of a police officer, and awarded him severe reprimand as punishment. 

“Magu is currently occupying a residence rented for N40m at N20m per annum. This accommodation was not paid [for] from the commission’s finances, but by one Umar Mohammed, air commodore retired, a questionable businessman who has subsequently been arrested by the secret service.

“For the furnishing of the residence, Magu enlisted the Federal Capital Development Authority to award a contract to Africa Energy, a company owned by the same Mohammed, to furnish the residence at the cost of N43m.

“Investigations show that the acting EFCC chairman regularly embarked on official and private trips through a private jet owned by Mohammed.

“In one of such trips, Magu flew to Maiduguri alongside Mohammed with a bank MD who was being investigated by the EFCC over complicity in funds allegedly stolen by the immediate past petroleum minister, Diezani Alison-Madueke. SEE

“Furthermore, the EFCC boss has so far maintained a high-profile lifestyle. This is exemplified by his preference for first-class air travels. On 24 June, 2016, he flew Emirate airlines first-class to Saudi Arabia to perform lesser hajj at the cost of N2.9m. This is in spite of Mr President’s directive to all public servants to fly economy class.

“Magu has fostered a beneficial relationship with Mohammed who by his confession approaches clients for possible exploitation, favours and associated returns,” the DSS report said.

Magu is yet to be confirmed as the substantive chairman of the EFCC despite occupying the position in acting capacity for many years. (SaharaReporters)

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BREAKING: Obaseki Emerges As PDP Governorship Candidate For Edo State |The Republican News

Governor of Edo state, Mr Godwin Obaseki displaying PDP party gubernatorial candidate ticket

Omooba Damilare Oloyede



Information reaching NAIJA LIVE TV had it that the incumbent governor of Edo State Mr Godwin Obaseki has emerged as PDP governorship candidate.

NAIJA LIVE TV gathered that all aspirants stepped down few minutes to commencement of the party Governorship Primaries .

Details Soon……

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BREAKING NEWS: APC Dissolves National Working Committee |The Republican News

President Muhammadu Buhari


by Sodiq Oyeleke

The All Progressives Congress has dissolved its National Working Committee.

The decision was reached at the National Executive Council meeting held on Thursday.

Bashir Ahmad, an aide to the President, Major General Muhammadu Buhari (retd.), tweeted, “Following the recommendation of President Muhammadu Buhari, the National Working Committee (NWC) of the All Progressives Congress (APC) has been dissolved.” (Punch)

This is a developing story. Details later…

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BREAKING NEWS: Lagos State Markets To Shut Down On Friday Over Coronavirus|The Republican News

Lagos Market

Lagos markets, offices, showrooms, and warehouses operating under the umbrella of Market Leaders and Traders Association of Nigeria, Lagos Chapter, will shut down, on Friday, over the raging coronavirus epidemic.

In a statement issued this morning and signed by Comrade Christopher Okpala and Comrade Okey Enwuru, president and secretary respectively, the shutdown will run from March 27 to April 4 in the entire city of Lagos.

Residents and members were asked to use the grace windows between today (Tuesday) and Thursday, to stock their homes of foodstuff in Lagos.

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BREAKING: China Records Outbreak Of A New Virus Known As Hanta virus |The Republican News

Amidst outrage of the Coronavirus spread, China has reported another outbreak of a deadly disease, Hantavirus.

In a report by China’s English tabloid, Global Times, on Monday, revealed that a person from Yunnan Province died while on his way back to Shandong Province for work on a chartered bus.

He was tested positive for hantavirus on Monday and other 32 people on bus were tested. In a research, An orthohantavirus or Hantaviruses are a family of viruses spread mainly by rodents and can cause varied disease syndromes in people worldwide. Infection with any hantavirus can produce hantavirus disease in people.

Hantaviruses in the Americas are known as “New World” hantaviruses and may cause hantavirus pulmonary syndrome (HPS). Other hantaviruses, known as “Old World”

hantaviruses, are found mostly in Europe and Asia and may cause hemorrhagic fever with renal syndrome (HFRS). Each hantavirus serotype has a specific rodent host species and is spread to people via inhalation of aerosolized virus that is shed in urine, feces, and saliva, and less frequently by a bite from an infected host.

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BREAKING: Abba Kyari, Buhari’s Chief of Staff, Reportedly Sick, Suspected Of Contracting Coronavirus

President Buhari and his Chief of Staff, Abba Kyari

A top government source told SaharaReporters on Monday that Kyari has been seriously “down” since returning from a trip abroad.

Abba Kyari, Chief of Staff to Nigeria’s President, Muhammadu Buhari, is said to be seriously ill and in fact suspected of being infected with Coronavirus.

A top government source told SaharaReporters on Monday that Kyari has been seriously “down” since returning from a trip abroad.

Kyari visited Germany and Egypt and only returned this week, giving credence to the fact that he may have indeed been infected with the virus.

Egypt has 327 confirmed cases of Coronavirus and 14 deaths while Germany has 29,056 infections and 123 deaths.

Though coughing severely, Kyari is said to have been attending meetings including with Buhari, Vice President, Yemi Osinbajo, ministers and other members of the Federal Executive Council.

Executive Chairman of Nigerian Electricity Regulatory Commission, Prof James Momoh, was said to have accompanied Kyari on the trip to both countries.

The latest development comes hours after a leaked memo showed Kyari telling Nigerian legislators, who recently returned from foreign trips, to submit themselves for Coronavirus test.

It also comes after Aisha Buhari, wife of Nigeria’s President, disclosed that one of her daughters was in self-isolation after returning from the United Kingdom, one of the high risk countries for the virus.

On Monday, Nigeria confirmed its first Coronavirus death after a former Managing Director of Pipelines and Products Marketing Company, a subsidiary of Nigerian National Petroleum Corporation, Suleiman Achimugu, succumbed to the virus in Abuja.

Earlier, the Nigerian Center for Disease Control announced a total of 36 confirmed cases but with Kyari’s suspected infection, that figure may have now risen to 37. (SaharaReporters)

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BREAKING: COVID–19: Atiku’s Son Tests Positive, Infects Bauchi Governor, Bala Mohammed, His Entire Estate In Abuja

Former Vice President, Alhaji Atiku Abubakar

The worst case of corona virus may have landed in the hands of Nigerian health officials as the son of former Vice president, Atiku Abubakar, Mohammed infects many at once.

The son of Atiku just returned from the USA and had suspiciously a high temperature but took no precautions to self-isolate or go in for a test.

He rather proceeded to his house in an estate in Abuja, where he with his children and wife had contacts with several kids and members of the estate.

He refused to go in for a test and kept on having contacts with as many people as possible in and around his estate in Abuja.

His sister got worried and called NCDC personnel and they came and tested him and he was pronounced positive by the officers of the NCDC.

This made the NCDC to ask every residents in the entire estate to self-isolate in their respective homes as this could prevent a widespread of this virus. Right now, families with their children are in panic and wailing.

A source who spoke to The Republican News confirmed that the entire families in the estate have been quarantined in their homes to stop further spread until they are all tested and isolated for a given period of time.

Meanwhile, the state governor of Bauchi has made public the fact that he met the son of Atiku, Mohammed Atiku Abubakar in the same flight from the United States and they mingled with the rest of the passengers. Gov. Bala Mohammed confirmed that he has gone for screening to ascertain if he is positive or without the COVID-19.

In a press release by Bauchi state government, it is confirmed that the governor had contact with the son of Atiku, who tested positive, so, the governor has gone into self-isolation. Though, he has been tested, it is not clear yet what his status is.

Bauchi state governor, Alhaji Bala Mohammed

The former Vice president, Atiku Abubakar in a tweet confirmed that his son tested positive for corona virus and has been taken in for treatment.

The right thing to do now is to get all his family members and the entire residents of his estate and all those in the same flight he flew from the USA to Nigeria quarantined and tested.

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