The Federal Government has expressed concern over the increasing spate of money laundering and terrorism financing cases within West African, even as it disclosed that it had successfully used the instrumentality of the Economic and Financial Crimes Commission, EFCC, to recover over $11 billion looted from the nation’s treasury.

The Chief of Army Staff, Lt Gen O. Ihejirika, has implored soldiers across the country to make book writing their hobby, insisting that some unscrupulous persons had continued to exploit their nonchalant attitude to literary works by fabricating outright falsehood and bare-faced lies against the Nigerian Army.

Efforts by business mogul, Chief Cletus Ibeto, to stop Afribank Nigeria Plc from winding-up his company, IBG Investments Limited over a N11.4 billion owed the bank has failed as the Federal High Court sitting in Lagos dismissed his preliminary objection, challenging the suit.

Some university lecturers have described the reported mass failure of school leavers in public examinations as “grossly exaggerated”.

In recognition of its capability to fund big ticket transactions across the continent, United Bank for Africa Plc, UBA, has emerged the winner of the 2010 Afreximbank Financial Institutions Gold Awards 2010.

Anglo-Dutch oil giant, Shell, has denied media reports that it had infiltrated key Nigerian government ministries, giving it access to politicians’ every move in the country.

Nigeria is putting on hold a $500 million initial Eurobond offer originally planned for this year because of volatility in global markets but wants to launch the issue as soon as possible, government sources said weekend.

INDICATIONS have emerged that Dockworkers plan to shut down port operations nationwide before Christmas over delay by Terminal operators to review their conditions of service six months after the subsisting one elapsed.

Flour Mills Nigeria Plc has disclosed the successful completion of its N35 billion bond issue, as it recorded an over-subscription of 7.14 per cent.

The value of investment on the Nigerian Stock Exchange (NSE) recorded a decline last week as equities value represented by the market capitalisation dipped by N115.65 billion.