Speaker of the Lagos State House of Assembly, Mr Adeyemi Ikuforiji, has called on President Umaru Yar’Adua to concentrate on finding solutions for the various problems of development threatening the country, rather than dissipating his energies on the issue of the Councils which he said had been settled by the pronouncement of the Supreme Court.

The Central Bank of Nigeria has asserted that most microfinance banks in the country have poor asset quality, with average non-performing loan at 40% and Performance at Risk at 45% as against the 25% prescribed for MFBs.

The minister, who was asked to react to a report in a national daily that he supported the alleged movement of the university to Kaduna by the Minister of Petroleum Resources, Dr. Rilwan Lukman, said “those who have ambition in whatever form would employ blackmail and character assassination to score any point to realize such self-seeking and unpatriotic ambition.

The upward trend in the market indices continued, Monday, as gains on the share prices of majority of the listed companies, shored up the value of listed equities by N154.278 billion.

TRADE Union Congress of Nigeria(TUC)has called on the Economic and Financial Crimes Commission (EFCC), to immediately arrest and commence prosecution of all those said to have contributed to the collapse of some banks in the country in which about N 188 Billion of depositors funds are trapped.