MORE shocking revelations have come on how huge cash estimated at $2billion meant for arms purchase was allegedly diverted by key government officials and politicians during the Dr. Goodluck Jonathan Presidency, The Nation report. A former Director of Finance in the Office of the National Security Adviser (ONSA), Mr. Shuaibu Salisu, said $47million was withdrawn […]
Read More The Economic and Financial Crimes Commission (EFCC) will today begin the trial of a former National Security Adviser (NSA), Mr. Sambo Dasuki, ex-Minister of Finance Bashir Yuguda and a former Director of Finance in the Office of the National Security Adviser, Mr. Shuaibu Salisu as well as six others for alleged misappropriation N10billion. The others […]
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The Federal Government is investigating businessman Raymond Dokpesi for his alleged involvement in another fraud involving about N8billion, the government’s lawyer, Rotimi Jacobs (SAN), yesterday told a Federal High Court in Abuja. Jacobs said the Federal Government was about rounding off investigations into a fresh allegation of N8.4billion the AIT/Raypower emeritus chairman collected from the […]
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Yesterday, December 10 was just a day for millions of Nigerianss, but for some it symbolises sorrow and tears, a day that left scars, ThePunchNg report. The reason? On December 10, 2005, a DC-9 plane operated by Sosoliso Airlines crash-landed in Port Harcourt resulting in the death of 108 of the 110 people aboard the […]
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The immediate past Minister of Finance, Dr. Ngozi Okonjo-Iweala, has said the removal of petrol subsidy in January 2012 was as a result of political pressure. Okonjo-Iweala, who is the Commissioner, Global Commission on the Economy and Climate, said in an article in the Financial Times that the policy of subsidy removal was planned to […]
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The Federal Government on Thursday signed a Memorandum of Understanding with a Chinese firm, Huawei. According to a statement by the Senior Special Assistant to the Vice President on Media and Publicity, Mr. Laolu Akande, the MOU provides 2000 Information and Communication Technology trainee jobs to young Nigerians next year under the “Huawei’s Seeds for […]
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Consumer goods company, PZ Cussons Plc, with a major presence in Nigeria have blamed the Nigerian operating environment for its slowing performance according to reuters. Group operating profits were broadly flat versus comparative period. The company’s fortunes has witnessed strong performance in Europe offsetting a difficult trading environment in Nigeria and impact of weaker currencies […]
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*FG, China sign MoU to create 2,000 ICT jobs The Central Bank of Nigeria (CBN) said it is finalising arrangements to launch an initiative that will create employment for at least one million young graduates in 2016. The apex bank Governor, Mr. Godwin Emefiele, disclosed this at the Bankers’ Committee retreat held in Lagos on […]
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The Federal Government has inaugurated 10 panels of inquiry for the investigations of allegations of sexual harassment and fraud against governing councils, management as well as academic staff of some universities and polytechnics in the country. Among the of institutions to be visited by the ad hoc panels are Federal University Dutsin-Ma, Kastina State; Michael […]
Read More The House of Representatives has passed a motion, urging the executive to stop the operations of all refineries in Nigeria due to the huge debts being incurred despite the fact that they are barely functioning. The motion was passed on Wednesday. It pointed out that the inability of the refineries to serve local consumption is […]
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Socio-Economic Rights and Accountability Project, SERAP has asked former Minister of Finance Ngozi Okonjo Iweala to “apologise to Nigerians for claiming recently that recovered Abacha loot was transparently spent while she knew that $322m (about N63billion) recovered Abacha funds were inappropriately released to finance the fight against Boko Haram.” SERAP’s statement today followed Mrs Okonjo-Iweala’s […]
Read More The Senate President, Dr. Bukola Saraki, yesterday, responded to criticisms trailing the Bill on Frivolous Petition that has passed the Second Reading at the Senate, saying any part of the bill that does not conform to human rights will be removed VanguardNgr report. Speaking on the sidelines of Lagos Business School Dinner at which he […]
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