Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Lamorde has reiterated the importance of cooperation in the efforts to stamp out corruption from West Africa. The EFCC boss who spoke through the Secretary to the Commission, Adegboyega Aremo, at the closing ceremony of the maiden training programme of …
Read More »Monthly Archives: October 2015
N18.3bn Pension Fund scam: Judge fixes Nov. 4 for definite hearing in case against Teidi, ex-director, others
Justice Gabriel Kolawole of the Federal High Court, Abuja, has fixed November 4, 2015 for definite hearing, in a 21-count charge of failure to declare assets, obtaining by false pretence, conspiracy and concealing the illicit origin of stolen pension fund to the tune of N18.3bn brought by the EFCC against …
Read More »‘Wonder Bank’ operator bags 8yrs in prisonment over N12m fraud
The Economic and Financial Crimes Commission (EFCC), has secured the conviction of one Balogun Olaitan and his company, Disok International Limited, before Justice M.T.M. Aliyu of the Kaduna High Court. The convicts were docked on a six-count charge of obtaining money under false pretence to the tune of N12m, which …
Read More »Review foreign exchange policy — IMF urges Nigeria
As the falling export incomes and sharp fiscal adjustment continue to take toll on the economies of oil producing countries in Africa, especially Nigeria and Angola, the International Monetary Fund (IMF) at the weekend joined the call for the review of Nigeria’s foreign exchange policy. The call was made by …
Read More »No remittances to federal accounts in 5 months; NNPC blames slump in oil prices
A monthly financial and operations report released at the weekend by the Nigerian National Petroleum Corporation (NNPC), detailing its activities in the oil and gas sector from January to August this year, has revealed that no single dollar remittance was been made into the Federation Account from Nigeria’s take-ins on …
Read More »Nigerians top 2015 CNN/Multichoice African Journalist of the Year Award
While, a Burkinabe journalist, Hyacinthe Boowurosi bagged the CNN/Multichoice African Journalist of the Year Award, four Nigerian journalists emerged winners in four categories in the Saturday award which was held in Nairobi, Kenya. The four Nigerians are Adewale Olugbenga Emosu, Ibanga Isine, Femi Joshua Asu ànd Arukaino Umukoro. The categories …
Read More »Breaking! Twin suicide bombings kill 11 in Lake Chad region, Sunday
Two suicide bombers blew themselves up in Cameroon’s Far North Region early on Sunday, killing 11 people, three military sources confirmed. “We have about 11 dead and 10 injured,” said a senior army source, referring to the attacks in the town of Mora. It was not immediately clear if the …
Read More »Super Eagles regroup for Cameroun challenge
After suffering his first defeat into his new career as coach of the Super Eagles, Sunday Oliseh will look forward to Sunday’s international friendly match at the Stade Edmond Machtens in far away Brussels, Belgium, against Cameroon to reposition the team back on track in the hearts of football fans …
Read More »Justice Omereji Commission report: Enough of the theatrics, go to court!- Amaechi challenges Gov. Wike
Former Rivers State Governor, Chief Chibuike Rotimi Amaechi has described the Justice G.O. Omereji Commission of Inquiry set up by the Governor Nyesom Wike government as a huge joke that set out to achieve the predetermined goal of indicting him, stressing that the Wike government should go to court if …
Read More »Ex-governor, DSP Alamieyesiegha, dies at 63; APC behind his death, group alleges
He died Saturday at the University of Port Harcourt Teaching Hospital, where he had been in coma for days. He was the governor of the state from 1999 to 2005 when he was impeached on corruption charges. The former governor was succeeded by Dr. Goodluck Jonathan, who was his deputy …
Read More »Flood: Sokoto State to rely on dry season farming to avert food shortage
Governor Aminu Tambuwal of Sokoto State has said that the state government will engage in massive dry season farming in order to tackle food shortage and mitigate the effect of this year’s flood which destroyed farmlands in different parts of the state. As part of measure to actualise the plan, …
Read More »(Photonews) Gov. Ifeanyi Ugwuanyi receives Governors’ Forum, Boundary Committee members
Buhari’s ministerial nominees are digital, not analogue – Ngige
A one-time governor of Anambra State, Senator Chris Ngige, has said there was no pushover in the first batch of ministerial nominees forwarded to the Senate for screening by President Muhammadu Buhari. Ngige, who was sacked as governor in March, 2006 stated this on Friday while reacting to questions from …
Read More »Ohanaeze to Buhari: Ekweremadu is no sacrificial lamb!
The youth wing of the apex Igbo socio- cultural organisation, Ohanaeze Ndigbo, has warned President Muhammadu Buhari against using the Deputy Senate President, Senator Ike Ekweremadu as the sacrificial lamb to settle his scores with the embattled Senate President, Dr. Bukola Saraki. Ohanaeze Youth Council (OYC) was reacting to media …
Read More »Bayelsa Gov poll: Isoko indigenes back Dickson
Indigenes of Isoko ethnic nationality, resident in Bayelsa State have thrown their weight behind the second term bid of the state governor, Hon. Seriake Dickson. They said their support for Dickson followed series of joint meetings and elaborate consultations. President of Isoko Development Union (IDU), Bayelsa State chapter, Idama Michael, …
Read More »Kashamu’s election nullified, Umeh loses appeal; as Election Tribunals announce rulings
The embattled Senator representing Ogun East Senatorial District in Ogun State, Mr Buruji Kashamu, has had his election victory nullified by the National and State Assemblies Election Petition Tribunal sitting in Abeokuta, the Ogun State capital. Though, the Tribunal did not grant the seat to the petitioner, Prince Dapo Abiodun …
Read More »Why Dogara stepped down as Reps’ Speaker in order to move a motion — Hon. Haliru Jika
Honourable Haliru Jika, is a member representing Ganjuwa federal constituency of Bauchi State at the House of Representatives and was one time Speaker of the Bauchi State House of Assembly. He spoke to our Correspondent RUTH DAVID in Bauchi recently. In this interview, Jika, among other issues, commended the Speaker …
Read More »Oil steadying at $52.87 after posting big weekly rise early
Oil prices swung back and forth, Friday as traders closed positions at the end of a week that saw prices rising by the most in over six years earlier in the session. Market participants flip-flopped between the negative fundamentals of persistent oversupply and support factors from Syria-related concerns and a …
Read More »Oil thefts: Shell asks shippers exporting Nigerian oil to sign guarantee
Royal Dutch Shell has asked ship owners exporting its Nigerian oil to sign a “letter of comfort” (LoC) to guarantee it is not stolen, according to an email from the company.. In July, Nigerian National Petroleum Corporation (NNPC) banned more than 100 tankers from Nigeria’s waters, citing a directive from …
Read More »Gov Ambode did not order retrenchment of workers at Apapa/Iganmu council – LG boss explains
The Executive Secretary, Apapa/Iganmu Local Council Development Area, Mrs Olufunmilayo Mohammed, has reversed an earlier decision to retrench some members of staff of the council saying there was no such directive from the State Governor, Mr. Akinwunmi Ambode to sack the workers in the first place as reported in some …
Read More »We’re being left out of Church synod–African bishops lament
African cardinals and bishops taking part in a global Church summit on the family at the Vatican have complained it is Euro-centric, with not enough attention paid to issues that concern their parishes. Archbishop of Accra Charles Palmer-Buckle told a press briefing, Thursday that the working document which bishops and …
Read More »(Photonews) UNN celebrates Founders’ Day
There’s no ebola virus in Calabar – C/River Governor, Ayade; as FG, WHO confirm dead man tested negative
Cross River State Governor, Prof. Ben Ayade, has debunked reports of a fresh ebola virus outbreak in the state following the death, Wednesday, of a man who allegedly manifested symptoms of the virus. This comes as the World Health Organization (WHO) confirmed, Friday, that there was no case of the …
Read More »FIFA: Sepp Blatter formally appeals against 90-day ban
Barely a day after his suspension for 90 days by the FIFA Ethics Committee, Thursday, the embattled former president, Sepp Blatter, has filed formally an appeal against the decision to bar him from office. The 79-year-old Swiss national was suspended from all duties while Fifa’s ethics committee which is investigating corruption claims …
Read More »ALGON seeks police partnership in crime fighting
The Association of Local Governments in Nigeria (ALGON) led by its national president, Hon Micah Y. Jiba has pledged to support the initiative of the IGP Solomon E. Arase-led management team for an enhanced community partnership that will guarantee a robust security for lives and property. According to a statement …
Read More »