Most Nigerians, even though, agreed that it was right for the Central Bank of Nigeria governor to save depositors and investors from the danger of a possible bank failure, disagree with the haste with which he went about the exercise, Lucky Fiakpa writes

The Federal Government has launched a private-public partnership scheme to develop affordable and decent accommodation for the rising number of university students in the country, with the inauguration of a committee on University Hostels Build, Operate and Transfer Projects

As a precautionary measure against possible collapse reminiscent of recent incidents that have led to numerous loss of lives, the Lagos State government is set to demolish 38 buildings in the Jakande Housing Estate on Adeniji Adele street on Lagos Island.

I have had reason to comment on the banking culture in this country over the years! The piece, “Banks and Fraud Incorporated” was first published in this column in October 2005, and was indeed preceded in September of that year by another article titled:

At the burial in 2000 of Dr Pius Okigbo, Africa’s most respected economist, Chief Kalu U. Kalu, then chairman of Union Bank Plc, made an interesting revelation. Dr Okigbo had applied for a teaching position in the Economics Department of the University of Nigeria at Nsukka shortly after his release from detention for his pro-Biafran role during the Nigerian Civil war of 1967 to 1970, but the people who were to evaluate his credentials were not enthusiastic. Okigbo, who received prestigious degrees in Economics, Law and History from the University of London, had done post graduate studies at Northwestern University at Evanston, one of the world’s most respected institutions, and a post doctoral fellowship at Oxford University.