Hanifa Abubakar: Kano Govt. Suspends Private Schools

The Kano State Government has suspended the operational license of all private schools in the state, following kidnap and subsequent murder of five-year old school pupil, Hanifa Abubakar, by her teacher, Abdulmalik Tanko. The development provoked nationwide outrage with many calling for the suspect’s execution. The state’s Commissioner for Education, Sanusi Kiru, announced the suspension in a press conference on Monday. On the suspension of the operational licences for private schools, Mr Kiru said the government will set up a special committee for guidance on the next line of action.

EFCC Invites AMCON MD Regarding Corruption Allegations

According to reports, the Economic and Financial Crimes Commission (EFCC) is questioning the Managing Director (MD) of the Assets Management Corporation of Nigeria (AMCON), Ahmed Kuru, in regards to allegations related to assets diversion and sale of assets.

Ponzi Schemes Operators To Bag 10 Years Jail Term - Reps

The House of Representatives has passed a bill for the second reading, recommending a 10-year prison sentence for operators of Ponzi and pyramid schemes as well as other forms of fraudulent investments. The bill which was proposed by Chairman of the House Committee on Capital Market, Babangida Ibrahim, seeks to protect the integrity Nigerian Capital Market. Babangida Ibrahim noted that current trends in capital markets regulation, over 14 years after, have made it necessary to make major improvements to the Act so as to align the Nigerian market with international standards.

30 Kidnapped Students, Teachers Of FGC Kebbi Regain Freedom

The Kebbi state Government, on Sunday confirmed the release of 30 kidnapped students of Federal Government College, Kebbi state, who have been in captivity in the hands of bandits for about six months. The good news confirmed in a statement by media aide to Governor Abubakar Atiku Bagudu, Malam Yahaya Sarki said they would undergo medical screening and other supports before they would be re-united with members of their families. They arrived Birnin Kebbi, the state capital yesterday after being released by their abductors.