*No clear mandate for them from militants
By Emma Amaize
MINISTER of Defence and Chairman of the Presidential Committee on Amnesty, Major –General Godwin Abbe (rtd.), shed light, yesterday, on why the committee is not keen on meeting with the Aaron Team, a group of eminent Nigerians with mandate from the Movement for the Emancipation of the [...]

THIS is the full inside story of how leaders of the Peoples Democratic Party, PDP, in Anambra State met in the Federal Capital Territory, FCT, Abuja, last week to deliberate on the way forward after what is being described as a state chapter ruptured by incessant crises.

The Chairman of the Fiscal Responsibility Commission, Alhaji Aliyu Jibril Yelwa has raised alarm at the spate of the foreign and local debts being incurred by the three tiers of government in Nigeria.

The governorship election of April 14 2007 where Andy Uba, the candidate of the ruling PDP was announced the governor was declared illegal on June 14, 2007 by the Supreme Court of Nigeria which replaced him with his predecessor Peter Obi—citing an illegality in Andy Uba’s election on April 14, 2007

PRESIDENT Umaru Yar’Adua has said that the deregulation of the downstream sub-sector of the petroleum industry is inevitable, but that government is still holding consultations with stakeholders on the necessity of the action.

THE Central Bank, CBN, yesterday, raised an alarm on rising cases of fraud in the nation’s financial institutions even as it granted the request of shareholders of Equatorial Trust Bank Limited to recapitalise the bank, following a proposal by the bank’s shareholders to the apex bank.

The CBN Wednesday said it has granted the request of the board of Equatorial Trust Bank to recapitalise the banks following a proposal its shareholders sent to the apex bank implying that the bank will be returned to its shareholders to recapitalise. Meanwhile the apex bank has decried the rising wave of frauds and forgeries in the banks.

THE Federal Government, yesterday, commenced the post-amnesty programme in the Niger Delta region as it directed 3,000 former militants who had accepted the amnesty offer to report to camp between now and November 11 towards rehabilitating them just as the government approved N2 billion for immediate construction of physical development projects in the region.

THE Management of Capital Oil, an operator in the downstream oil and gas sub-sector has accused major marketers of petroleum products of masterminding the artificial fuel scarcity currently experienced across the country.

THE major shareholders, investors and other stakeholders in the eight troubled banks are making moves to reclaim them, vowing to co-operate with the Central Bank -installed managements there.
They also pledged to seek new investors and recapitalise the banks if CBN will accept the proposal.