• FG set to close Third Mainland Bridge on Monday
• NDIC releases list of failed banks, advises clients to withdraw funds
• Court of Appeal upholds Tribunal’s sacking of Abba Yusuf, governor of Kano State
• Ex-CBN Governor Emefiele lands in Kuje prison
• Tinubu scraps 40% IGR from universities after ASUU and CVCNU uproar

Across Nigeria’s 36 states and the Federal Capital Territory, these are the five top Nigerian news stories you shouldn’t miss.

FG set to close Third Mainland Bridge on Monday

The federal government has announced it would close the Third Mainland Bridge in Lagos State on Monday, 20, by 7 a.m. to begin repairs.

The Federal Controller of Works in Lagos State, Olukorede Keisha, announced this decision as she revealed that the government was on its way to repairing the cracks on the famous Third Mainland Bridge, which connects the Lagos mainland to the island.

“In view of the above, the motoring public is, at this moment, notified that all four ramps connecting Adekunle to Third Mainland Bridge will be closed at the same time going forward,” she said.

“Consequently, motorists are, hereby, advised to use alternative routes while cooperating with the traffic management officials deployed to manage traffic and ensure a hitch-free movement.”

NDIC releases list of failed banks, advises clients to withdraw funds

The Nigeria Deposit Insurance Corporation (NDIC) released a list of 20 failed banks as it asked the shareholders, depositors, and creditors of these affected banks to come for their funds.

The NDIC claimed it would pay the affected clients an additional 16.18 billion in liquidation dividends, increasing the total fees paid to the depositors to 61.63 billion.

According to the NDIC Director of Communications and Public Affairs, Bashir Nuhu, the 20 failed banks were among the banks shut down by the CBN due to the revocation of their licences between 1994 and 2018.

Court of Appeal upholds Tribunal’s sacking of Abba Yusuf, governor of Kano State

On November 17, the Court of Appeal stayed vital to the rulings by the Tribunal and announced the sacking of the incumbent governor of Kano State, Abba Yusuf.

Despite the appeals written to the president by political groups, forecasting the political instability that would take hold in the country once the governor was dethroned, the Court of Appeal upheld the judgment of the tribunal as it sacked the governor, giving the mandate to APC’s candidate, Nasir Gawuna as the new governor of Kano state.

Ex-CBN Governor Emefiele lands in Kuje prison

A High Court in FCT, Abuja, has instructed the remand of the ex-Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, in Kuje Correctional Facility till the ruling of his bail application.

Led by Justice Hamza Muazu, Emefiele had pleaded not guilty to the six-count charges filed by the Director, Public Prosecution of the Federation.

Meanwhile, the lawyer for the prosecution, Rotimi Oyedepo, has urged the court not to accept the basil application but rather to provide acceleration of the case.

Tinubu scraps 40% IGR from universities after ASUU and CVCNU uproar

President Bola Tinubu has cancelled the automatic reduction of 40% from federal universities’ Internal Generated Revenue (IGR) after complaints by the Committee of Vice Chancellors in Nigerian Universities (CVCNU).

In October, the Minister of Finance informed academic institutions of its directive, which was to deduct 40% of the IGR. This news was met with criticisms by ASUU and CVCNU.

Tahir Mamman, the Minister of Education, shared the president’s announcement during his speech at the 75th Founder’s Day ceremony.