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News brief: Catch up on ‘must know’ news highlights for the week

News highlights for the week

Credible News by Credible News
December 1, 2024
in Economy, Entertainment, Health, Human Interest, Legal, Life Style, News
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News brief: Catch up on ‘must know’ news highlights for the week
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Life often feels like a relentless pursuit, tangled in the web of daily struggles to make ends meet—ends that sometimes never truly align.

In this whirlwind, we can become so absorbed that we overlook the most captivating and significant events unfolding right before our eyes.

No need to worry—Credible News has you covered with everything you might have missed during the hustle and bustle of the week.

Take a breather and catch up on the top stories and highlights that slipped under your radar.

Here are the week’s must-know gists you can’t afford to let pass you by…

EFCC finally cages Yahaya Bello

The week started off with the report of the arrest of former Kogi State Governor Yahaya Bello a.k.a ‘White Lion’ by the Economic and Financial Crimes Commission, EFCC, after months of being on the run over allegations of money laundering, breach of trust, and the misappropriation of N80.2 billion.

Dele Oyewale, the EFCC’s spokesperson, confirmed the arrest, stating that Bello was taken into custody on Monday afternoon.

Subsequently Bello was brought before the FCT High Court where he pleaded ‘not guilty’ to his 19-count charge of alleged money laundering.

Bello was then remanded in the EFCC custody as court sets December 10th for next hearing.

Davido gets it hot for passing negative comments on Africa

Afro-beat superstar, David Adeleke popularly known as Davido on Monday came under heavy criticisms over his negative comments on living conditions in Africa.

Davido, in a recent interview, had issued a stern warning to black Americans against relocating to Africa.

He warned them against making such moves, as he made them know that it wasn’t cool in Africa as the economy was in shambles.

The singer however, made it known that he wasn’t badmouthing Africa; rather, he wanted to show off the little parts and leave the slums out of the frame.

Reacting to these comments on the latest edition of Your View on TVC Akashat Nymat, a presenter questioned what service Davido has done for the masses, as she noted how American celebrities wouldn’t badmouth their country to foreigners.

Also, former aide to Goodluck Jonathan, Reno Omokri slammed Davido, questioning how the economy was in shambles when Wizkid broke streaming records on Spotify Nigeria with his new album, Morayo.

READ ALSO: Tinubu at Abuja Carnival, renews commitment to boosting creative sector

He told Davido to fact-check as he noted how people don’t have disposable income in an economy that is in shambles.

However, unfazed by the backlash, Davido took to X (formerly Twitter) on Tuesday to defend his position while hitting back at critics.

In a series of posts on X, Davido maintained his position as a “real ambassador” of Nigeria.

Port Harcourt refinery resumes operation.

The stars aligned for Nigerians on Tuesday as news broke that the Port Harcourt refinery had resumed operations, dispensing premium motor spirit, commonly known as fuel.

The announcement sparked widespread relief and optimism across the nation, offering a glimmer of hope amidst lingering energy challenges.

After years of shutdown and rehabilitation, the Port Harcourt Refinery has finally resumed production of petroleum products, with the first batch of lifting of petrol commencing on Tuesday.

The rehabilitation of the refinery has ongoing since 2021, following the $1.5 billion contract approved by the Federal Government for the purpose.

Located at Alesa Eleme in Port Harcourt, Rivers State, the refinery complex comprises two operational units established in 1965 and 1989 and with a combined installed capacity of 210,000 barrels per day.

The older plant has a capacity of 60,000 barrels per stream day, while the newer plant has 150,000 barrels per day capacity.

However, there were counter reports that the refinery has not commenced the operation of processing crude oil as claimed by the NNPCL but rather getting off old stock. Though the NNPCL has soon come out to debunk this claims, affirming that the refinery is active.

Tinubu’s controversial tax reform bills passes second reading

The controversial tax reform bills also made it to the news as the Nigerian senate, on Thursday passed for a second reading the four bills through voice votes.

The bills include a proposal to establish the Joint Revenue Board, the Tax Appeal Tribunal, and the Office of the Tax Ombudsman, all part of President Bola Tinubu’s comprehensive tax reform package.

The proposed tax reform bills had faced stiff opposition especially from the Northern region, as they believed that the bills are deliberate attempt to cripple the Northern economy.

Borno State Governor, Babagana Zulum among others, voicing strong concerns over the controversial tax reform bills, warned that it could have devastating consequences for the Northern region and other parts of the country.

In an interview with BBC Hausa on Friday, Zulum criticised the speed with which the bill is progressing through the legislative process, drawing comparisons to the Petroleum Industry Bill, which took nearly two decades to pass.

Zulum further alleged that some individuals might be influencing President Bola Ahmed Tinubu into believing that the North does not support his administration.

The governor warned that if the bill is passed, Northern states would struggle to implement developmental projects, including paying salaries.

However, in all of these, the presidency has moved to calm the nerves of oppositions, affirming that the tax reform bills will not in anyway economically destabilise the North.

The Presidency said contrary to job loss fears and perceived marginalisation of the North, the tax reform bills currently before the national assembly will benefit all states and harmonise the country’s tax laws for greater efficiency.

Screen queen, Omotola recount recovery experience from a health challenge

Veteran Nollywood actress, Omotola Jalade-Ekeinde also known as Omosexy has shared her experience with a life-threatening health challenge, thanking God for survival and recovery.

The actress took to Instagram on Thursday to share the news  of her journey, narrating how she had battled with several symptoms and ended up undergoing emergency surgery to remove her gallbladder.

Thanking God for life, the celebrated actress stated: “So on this day, whether you’re in the US or not, there’s so much to thank God for, take some time to join in and give thanks. Not only the gift of life, but the gift of good health.

“The gift of a complete body or a sane mind to even dream of a better day.”

Here are excerpts of some of the hottest news reports for the week compiled by Blessing Yakubu for Credible News.ng

Tags: DavidoEFCCNews highlightsOmotola Jalade-EkeindePresident Bola TinubuTax reform billsYahaya Bello
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