Bank insurance levy gaining support at Davos

An insurance levy on financial institutions to help bail out banks in any future financial crisis has been backed at the World Economic Forum. Politicians and bankers have expressed support for the idea, while the International Monetary Fund (IMF) has described it as “practical”.
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Atuche demands $1.965m unpaid bonus from BankPHB

Indications emerged, yesterday, that BankPHB may be heading for more trouble as its former Managing Director, Mr. Francis Atuche, is said to have demanded from the bank payment for his four years off-shore allowance which he did not collect following the payment of same to the new MD who worked for only three months and collected $120,000 leave allowance.

Yar’Adua : FG asks court to refuse Falana’s application

…says request constitutes abuse of court process By Ise-Oluwa Ige ABUJA—The Federal Government yesterday asked a Federal high court sitting in Abuja to refuse a request by radical Lagos lawyer, Mr Femi Falana, seeking to refer to the Court of Appeal three constitutional questions touching on whether it is legal and constitutional for President Umaru […]

MASSOB flays Uwazuruike’s detention

By Chidi Nkwopara OWERRI—Officers of the Movement for the Actualisation of the Sovereign State of Biafra, MASSOB, have condemned the abduction of  Chief Ralph Uwazuruike, founder of the organisation by security personnel from Owerri to Kuje Prison, Abuja, describing it as “an act of cowardice.” MASSOB made its feelings known in a statement by the […]

Jos crisis : FG sets up c’ttee

…appoints Lar, Kwande co-chairman By Daniel Idonor ABUJA—THE Federal Government yesterday announced the constitution of a high power 15-man committee with membership drawn from the two major religious groups in Plateau State to fashion out ways of achieving lasting peace on the troubled plateau. This was one of the decisions reached at a meeting on […]

Yar’Adua: Group flays S-East Govs

…expresses fear over Anambra election By Emmanuel Aziken ABUJA—The Southeast zone of Save Nigeria Group, SNG, yesterday flayed the reported endorsement of President Umaru Yar‘Adua’s absence from the country by Southeast Governors, saying their action was not reflective of the wishes of their people. Leading members of the group at a briefing in Abuja yesterday […]

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