Google Speech-to-Text API Automatic Transcription (Chirp). Treat it as a searchable index of what was broadcast, not a quotation record.
00:00:02of
00:00:12Hello again and thank you for joining us here on the news. I am
00:00:15Kelly. Egiga. Following Tuesday morning's minor
00:00:19earth tremor recorded across parts
00:00:21of the federal capital territory at 11 am. The minister of solid minerals
00:00:25development. Deele Alake has directed the Nigerian
00:00:29geological. survey
00:00:30of agency to provide early seismic updates for continuous
00:00:34assessment. the minister was responding to an alert by the
00:00:38NJSA
00:00:39of reporting that tremos shook
00:00:41of several buildings in
00:00:42of Abuja on Tuesday August 4 this year. the
00:00:45NSA seismic monitoring station, otako
00:00:49recorded the earth tremor at exactly
00:00:52of
00:00:52of 11:23 am noting that it originated from a 1
00:00:56km
00:00:57of death and spread across a distance of f kilometers in
00:01:005 seconds, however the NGASA interpreted the
00:01:04tremorus quote
00:01:06of light events of one to two magnitude
00:01:09of the americally scale
00:01:11in a statements by his special assistant media
00:01:15in Lara Owaywise, the minister reassures residents
00:01:18of the FCT that proactive security measures are in place to save
00:01:22guard lives and property, urging everyone to
00:01:26of remain calm. This latest event ecos previous.
00:01:30siismic activity
00:01:31of the territory, notably the recurring trem was recorded on
00:01:34of September 5 and 7, 2018, which rattled
00:01:38communities in mbape,
00:01:40of of
00:01:40of metama and katampe. Geological experts are maintaining that
00:01:44while
00:01:45of the FCT lies within an area containing ancient
00:01:48geological faults that can occasionally become
00:01:52active, abuja streamers are generally low
00:01:55magnitude and have not caused significant structural
00:01:59d'
00:02:07We're counting down to the governorship elections in Oshin
00:02:10States and there been some sort of drama and twists so
00:02:14of long as that elections concern, but let's uh
00:02:18begin with news that we're tracking
00:02:20of for you this as the economic and financial crimes commission have been
00:02:24explaining uh why it froze the accounts
00:02:27of the state's government, the EF. cc
00:02:30have maintained, the EFCC have rather been
00:02:33maintaining and explaining why they fros the account
00:02:37of the Oshin States governorship, governorship
00:02:40accounts, governor state, the state accounts a bigger pardon
00:02:44insisting that there were, they've been monitoring that account
00:02:48for quite some time now, as regards ecological funds and fac
00:02:52allocations to the tune of 11 billion
00:02:55nara, the head of media and publicity
00:03:01of of the EFCC disclosed this to media men
00:03:02in a statements which was signed yesterday,
00:03:05Wednesday.
00:03:12of of Well, that's decision has drawn reactions now. The governor of Oshin
00:03:16States at Delique. Ademal
00:03:18a of Delic is accusing the EFCC and has given reasons
00:03:22why it fros the oceun states government accounts.
00:03:25of Well, the governor was speaking an interview while refuting.
00:03:30uh claims by the EFCC. In the meantime,
00:03:34uh, some representatives
00:03:35of the state governments, the Commissioner for Information and Enlightenment,
00:03:39Mr. Kolak was speaking earlier on our breakfast program the
00:03:43morning brief, and he made
00:03:46allegations against the APC LED administration. Well, he has also
00:03:50received some sort of pushback from the APC LED
00:03:54of administration, who have also criticized the accord party
00:03:58as regards issues around. with the state's statutory
00:04:02account. the ESCC loss
00:04:06the
00:04:06of power in to freeze
00:04:09of account
00:04:10of an individual not to talk of that
00:04:12of the state without court order. instance
00:04:18of of of case of of states, the question is that the
00:04:21forcing
00:04:22a
00:04:24of of of the account was
00:04:29of a of of the court order, the answer is no, that says the matter, that's the first. hero committed by
00:04:32of EFCC, it is quite surprising that the same
00:04:37of EFCC to which also state government petitions
00:04:41since 2025, I will send you copy of
00:04:45that petition received by GFCC of car case of money
00:04:49laundering and mismanagement management of
00:04:52f against the marine
00:04:56minister and
00:05:00against the yes or no chairman
00:05:03of wearing the
00:05:03of withdrew in cash over a period of three months
00:05:071.6 billion year we attach to that petition all
00:05:11relevant documents statement. of account and everything up to this
00:05:15moment that I'm talking EFCC has closed its
00:05:18eyes to that petition, but
00:05:22whenever APC just put anything on paper, even this
00:05:26morning, before evening, EFCC will start
00:05:29working on it and such
00:05:31money was was actually paid
00:05:35to us for for it to be transferred to any place
00:05:39and they are the anti-graft agency if they have. the
00:05:42back the let us know the the
00:05:45what i was telling you was
00:05:47that every month every month
00:05:49the the responsibility of financial res the local government happen to be
00:05:53about 6.5 billion na which they which are supposed
00:05:57to be paid from the local real location we have
00:06:01bearing that one by the time we had the state bill with that the
00:06:05local government bill there's nothing left for
00:06:08us as a culture of
00:06:12try to be the judge in their own
00:06:15case, it is not correct that,
00:06:18after meeting the obligations obligations
00:06:21in state that will not be anything left for the government to
00:06:25spend, the allocation to state
00:06:28averagel now is about 14, 15
00:06:31billion
00:06:32and the monthly wage vill is about 6 billion, just
00:06:36about one billion different for what it used to be
00:06:40when we were in government and even during that time the
00:06:44average allocation to state during the administration
00:06:47of was about two
00:06:50billion and the way bill was about five
00:06:535.5 billion so the w has not changed
00:06:56drastically if the EFCC has now coming to
00:07:00investigate government they go and face EFCC they should
00:07:03notice at all
00:07:05uh we started in 2023 about the culture of corruption in
00:07:09our states we have said it often times that the
00:07:13government of is corruption reading and
00:07:17i will site two or three examples in
00:07:192023 when president
00:07:23removed first subsidy he gave two billion to each state
00:07:27the federation among other things to purchase
00:07:30cng buses and improve on the transportation the states of
00:07:34state diverted that two billionaire are you aware that the lg
00:07:38chairman of led by the APC are receiving funds directly from the federation
00:07:42account is that correct? of course, because they are the legally
00:07:46recognized structure. so why are they not paying teachers
00:07:50from the local government funds? why is the state government paying as alleged by Mr. alimi
00:07:54and the government? if they are paying teachers or not? i'm
00:07:57not aware. but i know for fact that recently they
00:08:01purchased over 300 motorcycles for security agencies in the
00:08:05state. i'm also aware that they purchased over 90 in
00:08:08logs for security agent. please receive their own.
00:08:17Away from Oushen State, the House of Representatives Adag committee
00:08:21investigating the alleged establishments and operations the presidential
00:08:25foreign investment promotion council, PfiPC is planning to meet
00:08:28discretely with the controversial DG the
00:08:31Council. The committee chairman Yusuf
00:08:35Gagde explains that Deni is currently in the custody the
00:08:38police and is being investigated by the anti-graft agent.
00:08:42says the wint a businessman Benga Collins were appeared before the
00:08:46committees claiming to have paid 400 million
00:08:50narra to a DME for a contract to
00:08:53renovate and funnish his official residence. A national assembly
00:08:57correspondent Terry Kumy
00:08:58reports.
00:09:12Nigeria deposite Insurance Corporation and the
00:09:16House of Reps Committee on insurance and actual matters have
00:09:20again collaborated to strengthen the country's financial
00:09:24safety nets to ensure prompt protection of
00:09:27depositors in the aftermath the completion the bank
00:09:31recapitalization exercise. Over 60 members the House
00:09:35Committee met with the leadership the NDIC and Lagos at
00:09:38retreats jointly organized by both institutions to
00:09:42examine the implications the exercise and the
00:09:46growing risk with fintech innovation, while the chairman the
00:09:50house committee amadu Jaha called for stronger regulatory
00:09:54oversight and financial safety net mechanisms to protect
00:09:57depositors, the managing director and chief executive officer of
00:10:01NDIC Thompson Sunday on his part told the
00:10:04retreat that the exercise must be backed by sound
00:10:08governance and a strong compliance
00:10:09culture. At the
00:10:13time, the Nigeria is undertaking one the most significant banking
00:10:17recapitalization exercises in its recent
00:10:21history, requiring banking to strengthen their capital.
00:10:25is while remaining innovative, resilient and
00:10:28competitive. this development present animals
00:10:32opportunities for economic growth, financial
00:10:36inclusion and innovation. as innovation
00:10:39accelerates, our possibility as policy
00:10:42makers is to ensure that deposit of
00:10:46protection, financial stability and consumer confidence evolve
00:10:50at the same pace. the house of representative remains
00:10:53fully committed to providing the legislative support necessary
00:10:57to strengthen Nigeria's financial safety
00:11:00architecture. a time when Nigeria as a country is
00:11:04pursuing ambitious economic growth objectives, including the goal
00:11:08of attaining a $1 trillion dollar economy in 2030,
00:11:12robust and credible financial safety net is
00:11:15essential to maintaining depositors and investors confidence
00:11:19and enhancing financial system resilence. we
00:11:23stand here boldly to say that to Today over 98% of
00:11:26depositors representing more than 281
00:11:30million accounts across insured institutions are fully
00:11:33covered by our deposit insurance
00:11:36scheme.
00:11:40The Nigerian Customs Service (Adamawa taraba
00:11:43commanders) parts of efforts aimed at Kirbyn
00:11:47smuggling has intercepted contraband with a duty
00:11:50paid value of over 362 million.
00:11:55lionar along the country's border with Cameroon and Chard within a
00:11:59period of six months. This disclosure was made by the
00:12:02controller general of control of customs the command
00:12:06Mohammed Abdullahi taco during a media briefing at the headquarters the
00:12:10command in Uola and the Mawa states. Among the major seizures
00:12:14were 220 kilograms of Pangoline
00:12:17scales packed and three sacks, 48 ivory
00:12:21turks weigh 74 kilograms concealed in two. sacks
00:12:25and 534.55 kilograms of dried
00:12:29donkey meat intercepted along the Yola Numan road on
00:12:33July 23, the command also seized a darf low-bed
00:12:37trailer transporting a sunny motor grader allegedly
00:12:40bound for export to the Republic of Chad alongside large
00:12:44quantities of premium motor spirit PMS, popularly known as petrol
00:12:48recovered during multiple operations across border
00:12:51communities. The command intercepted.
00:13:02the command occasion to listen
00:13:06to the confine the
00:13:10command intercepted and
00:13:12seized 23
00:13:1525,995 l of
00:13:18pms that is equivalent to
00:13:2213 13 jericans
00:13:25of PMS and one
00:13:29drum
00:13:33and one
00:13:34and one drum, subsequently 9
00:13:37kilograms of cannabis sativa was also
00:13:40intercepted, 74 kilograms of
00:13:44averitors, 220 kg of
00:13:48pangulin scales, 64 pieces of complete
00:13:52row donkey skin and 534.5 5
00:13:56kilograms of dried donkey meat,
00:14:00three vehicles, one darf lob truck,
00:14:03isani moto grader and one toyota highest
00:14:07bus, smuggling petroleum
00:14:11products, endangered wildlife species and
00:14:14cannabis sativer directly
00:14:17supported national
00:14:19security, underm public health and economic
00:14:22stability, we maintain zero
00:14:25tolerance for illicit trade,
00:14:28offenders will face route the law and
00:14:32full for future their
00:14:35assets. Please be informed
00:14:39that following this briefing,
00:14:43these donkey skins will be destroyed
00:14:46immediately in collaboration with relevant
00:14:49interagency partners. passing to
00:14:53the provisions the Nigerian. service at
00:14:572023,
00:15:02this is new strike, let's take a moment, we're back with business and sports news, please stay with
00:15:06us,
00:15:18the day begins with news gathering and research, we need to confirm the
00:15:22story.
00:15:26directors as well as policy makers from the business
00:15:30districts to the corporate the policy, actions and even
00:15:33inaction of both the fiscal and the monetary authorities
00:15:37make impact: 90% of Ningeria's economy is an informal
00:15:41sector, just like this market, and take for example, they
00:15:45impacted by government policies like inflation rates,
00:15:48prices, keep going
00:15:51up. While trading
00:15:54is fast and mostly virtual, get the top stories that set to
00:15:58investing agenda. Beyond Africa, we got you
00:16:02covered. It's a full menu for you every
00:16:04weekday. Business. morning and business
00:16:08incorporated only on channels
00:16:11television.
00:16:25welcome back, tension splayed out on the streets of Lagos and Abuja on Wednesday as
00:16:29members the hashtag ticketback movement renewed their demands for
00:16:33change even as supporters the federal government staged
00:16:36counter. protest back in the current administration, although the
00:16:40police were deployed to both his cities to ensure peace and
00:16:43lagos, the protesters were dispersed with the
00:16:47gas,
00:16:54lagers witnessed protests organized by the
00:16:58hashtag taking back movement earlier today, a
00:17:02large number of members the movement took to the streets of
00:17:05Lagas mainland with blackards and banners, some
00:17:09of which read, quote, festival the oppressed,
00:17:13end the security and killings, 500 thousand
00:17:17narrow minimum wage and freedom for all kidnapped
00:17:21victims and
00:17:22quote,
00:17:35as the protesters continued. their march, the police
00:17:39arrived moments later and dispersed the crowd
00:17:43according to them to stop the demonstration from
00:17:46degenerating into
00:17:47violence.
00:18:07you It is disating that uh Nigeria has degenerated
00:18:10to a state of lawlessness where you
00:18:14know the constitutionally empowered
00:18:16institution that is the Nigerian
00:18:19police and you know the government
00:18:23expected to not just secure the lives of Nigerian
00:18:27citizen but to also see to it that we have a continued
00:18:31existence the government is constitutionally sanctioned with the
00:18:34duty you know to secure the lives of Nigerians. by virtue of
00:18:38section 14 the constitution, but they have incurably failed in this
00:18:41regard.
00:18:48in the f city, the same group the hashtag taking back
00:18:52movement, guys around the begger area of central abuja
00:18:56for similar
00:18:57purpose.
00:19:09"we have number of demands that we must retarate here and
00:19:13include that Nigerian workers must be paid 500
00:19:16thousand nira per month as their minimum
00:19:19wage. we have also
00:19:22asked that they release
00:19:26kano from unjust and unlawful detention,
00:19:30that they discontinue all forms of trial, whether it's cyber crime,
00:19:34treason trials against activists and nigerians who have..." raising up
00:19:37their voice against bad governance in this
00:19:39country, but a counter
00:19:43protest in lagus and abuja, a group of youths
00:19:47said to be members of civil society also staged
00:19:51their protest in support the ruling government. on
00:19:55behalf the millions of Nigeria we represent, this
00:19:58coalition here by passes resounding vote
00:20:02of confidence in the director general
00:20:06the DSS Mr. Jai. They
00:20:10are doing a good job and they are
00:20:14doing an excellent job, we see it, acknowledge it and we
00:20:18defend it. However, even the most
00:20:21vigilant government must be reminded of
00:20:24festering wound that
00:20:28requires urgent surgical
00:20:30attention. Why
00:20:34deds has neutralized many threats to our national?
00:20:37security under the superb leadership the
00:20:41President Tinubu, there remains one man who
00:20:44continues to insult the intelligence of
00:20:47this nation,
00:20:49that man Mr. Amaly,
00:20:53he paris himself as an activist, but we know the
00:20:57truth, he is a merchant of chaos
00:21:00and
00:21:04a conveyor of anarchy and a threat to our collective
00:21:08collective peace. It does appear that the hashtag
00:21:12#taking back movement has chosen August 5th as a
00:21:15day of protest against what the group terms
00:21:19bad. last year the sim group held a
00:21:22rally in some locations across the country, for the
00:21:26group, their expectation is that authorities attend to the
00:21:30demands the leaders the hashtag taking back
00:21:34movement.
00:21:48time for a quick stop now. with her business dex, the manufacturers association of
00:21:52Nigeria says business confidence in the nation's industrial sector
00:21:56rebounded in the second quarter of 2026, driven by optimism
00:21:59over recent government reforms and expectations of
00:22:02improved operating conditions. According to the latest
00:22:06manufacturers CEO confidence index, the aggregate
00:22:09score rose to 52.1 points from
00:22:1348.7 in the preceeding quarters, signaling renewed
00:22:17confidence among manufacturers despite system challenges
00:22:20such as limited access to finance, high boring
00:22:24costs, power shortages and foreign exchange
00:22:27constraints. the reports also highlights stronger optimism across
00:22:31key sectors and industrial zones with manufacturers edging
00:22:35policy actions to improve credit access, energy supply
00:22:38and patronage of locally made products to sustain
00:22:41growth in the
00:22:43sector.
00:22:47as governments increasingly focus on delivering measurable results, the
00:22:51role of monitoring and evaluation is gaining prominence in
00:22:55public sector governance and lagos. Lagos, policy makers,
00:22:58development partners and community stakeholders are exploring ways
00:23:02to strengthen accountability and improve the impact of government
00:23:06policies.
00:23:12As legal state pushes its development agenda, stakeholders are
00:23:15exploring how to enhance service delivery and ensure
00:23:19public. projects deliver measurable results. The discussion
00:23:23is center at the 2026 monitoring and evaluation
00:23:26stakeholders forum themed leveraging monitoring and
00:23:30evaluation of advanced shared
00:23:32prosperity.
00:23:36The state ministry of economic planning and budgets believes that strengthening
00:23:40monitoring and evaluation remains central to
00:23:43promoting transparency, accountability and better
00:23:47development outcomes. is therefore expected
00:23:51to keeping collaboration among our stakeholders,
00:23:55encourage the exchange of best practices and generate
00:23:59practical recommendation that we further
00:24:02strengthen our monitoring and evaluation system in legal
00:24:06states, but having done this to ensure that there
00:24:10is real value for money, if we also take advantage
00:24:14of time value promotion save the the
00:24:17department for money and organization. It's always
00:24:21be,
00:24:22I will always be called
00:24:23in question. The role of host communities is also on the
00:24:26f: first and foremost we want to
00:24:30appreciate the legal state government
00:24:33for consulting us before
00:24:36commencing a project. The communities
00:24:40are always been involved in the
00:24:43monitoring the execution of projects
00:24:47within our various communities. and
00:24:51after the execution, the state government is
00:24:54always handing over such projects to the
00:24:58community. you data is very key and technology is also very
00:25:02key, so over the years we've developed our MNE capabilities
00:25:06from where
00:25:07you know things are done a lot more digital now, as you said we have the echo
00:25:10360 app where you can go, we have things being done by civic and we can go
00:25:14and track uh the projects and people citizens can go for themselves and say
00:25:18look okay what's happening with the? uh children's hospital, they can go and they
00:25:22can log on, they can say, okay, this is where we are, this is the stage we are at, and this is where we're
00:25:25trying to get to at this point in time. stakeholders maintain that
00:25:29employing stronger collaboration, technology and continuous
00:25:33evaluation will be key to ensuring public
00:25:36investment deliver lasting benefits for Lagos
00:25:39residents.
00:25:56Let's talk sports of Falcon's head coach Justin Madugu is warning his players
00:26:00to step up their performance despite. qualifying for the
00:26:03quarterfinals the women's cup of nations, the super falcons of Nigeria
00:26:07booked the place in the last eights after dominant six to
00:26:11win against Egypt in the final group C match on Wednesday
00:26:15goals from assistwala gift
00:26:17Monday
00:26:21and Joey Omewa sealed the crucial win for the raining
00:26:25champions despite qualified for the quarterfinals their performances in the group
00:26:29stage have been a cause for concern which is... seen as
00:26:33not being convincing oh well gaz with the strike and
00:26:37gaz with the goal absolutely nail
00:26:41it for the super
00:26:44falcon and
00:26:48it goes this surely is number six and
00:26:50it is well that's surely can't be
00:26:54much more time Nigeria have done it
00:26:58they have taking it short on
00:27:01this. "naturally everyone will be
00:27:04happy, knowing fully well that you have advanced
00:27:08to the next stage the competition, given the
00:27:11circumstances where we found ourselves
00:27:14and uh we placed everybody a very
00:27:18tight corner and uh thank god that we have been able to come
00:27:22out of it, the competition will just be starting for
00:27:25us, it's it's a lesson for us to really understand
00:27:29that African football has grown." and you can't take anybody for
00:27:33granted, you can't take anybody for granted, if you make
00:27:37any mistake and you get punished for it, if you don't have
00:27:41second chance, that's the end the road for you, so we have
00:27:45gotten to a stage now where we cannot afford
00:27:49to make the kind of mistakes we were making at the group stage,
00:27:53because that would be costly for the team, we need to be very,
00:27:56very, very careful and play cautiously in the subsequent
00:28:00games that we have to play.
00:28:05The women cup of nations in Casablanca does a foroc on this news track
00:28:08track thanks and this for watching i'm Kelly
00:28:11again
00:28:18now.
00:30:35Well hello, welcome to business incorporated live on channels
00:30:38television, here's what's coming
00:30:40up and
00:30:44we see uh coming up today uh the oil prices uh
00:30:48little change there, but we see congo is banning exports and uh
00:30:51Kenya, the brewer there has posted growth for the
00:30:55financial
00:30:56year.