IMF urges regulators to be strict in surcharges

IMF urges regulators to be strict in surcharges

The International Monetary Fund (IMF)on Tuesday advised regulators to consider imposing capital surcharges to discourage financial institutions from evolving in ways that threaten the stability of financial markets.
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Police nab corps member, 11 others over alleged kidnapping, robbery

Police nab corps member, 11 others over alleged kidnapping, robbery

By Vincent Ujumadu AWKA—Anambra    State Police Command has arrested 12 persons, including  two women and a member of the National Youth Service Corps, NYSC, serving in Abuja, for alleged kidnapping and armed robbery. The NYSC member who was identified by police as Mr. Christopher Anisha, who studied Production Technology, at Nnamdi Azikiwe University, UNIZIK, Awka, […]

Court to rule on sacked Kwara Poly unionists

Court to rule on sacked Kwara Poly unionists

By Demola Akinyemi Ilorin — The re-absorption of the sacked union leaders in Kwara State Polytechnic will now be decided by the court, Engr. Yisa Ayinla Yeketi, Chairman, Governing Council has said. The sack had followed a prolonged strike that led to the removal of the immediate past Rector and the emergence of the present […]

Abaribe was never impeached as Dep Gov- Aide

Abaribe was never impeached as Dep Gov- Aide

By Anayo Okoli Umuahia—A member of the Peoples Democratic Party, PDP, in Abia State, Mr. Chibuzo Nwogu, has said the party is intact, cohesive, effective and ready to take over the governance of the state from the ruling Progressive Peoples Alliance, PPA, in 2011. Nwogu, the Special Assistant, Media to Senator Enyinnaya Abaribe, also said […]

Man impersonates IBB, Okiro to defraud Abidjan based bizman of  $243,000

Man impersonates IBB, Okiro to defraud Abidjan based bizman of $243,000

FOR impersonating Nigeria’s former military head of state, General Ibrahim Badamosi Bababginda (Rtd) and the immediate past Inspector-General of Police Mike Okiro, a 38-year- old suspected fraudstar who identified himself as Chief Sam Nwankwo is presently telling operatives of the Economic and Financial Crimes Commission, (EFCC) all his tricks in defrauding an Abidjan based businessman simply identified as Mr. Collins of a whopping $243.000 (about N36.09m)