IMF proposes two big new bank taxes to fund bail-outs

Banks and other financial institutions face paying two new taxes to fund future bail-outs, the BBC has reported. The BBC report said that the global proposals by the International Monetary Fund (IMF) were “more radical” than most had anticipated.
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Alleged N104m fraud: Ogbulafor for trial

The Chief Justice of Nigeria, Justice Aloysius Katsina-Alu, has assigned the case of alleged N104 million corruption charges against the National Chairman of the Peoples’ Democratic Party, PDP, Prince Vincent Ogbulafor, to Justice I.U. Bello of the Federal Capital Territory High Court, for trial even as a member of the party’s Board of Trustees, BOT, Senator Onyeabo Obi, confirmed moves by some forces within the party to remove Ogbulafor.

N1.5bn libel suit: Chime testifies in court

Governor Sullivan Chime of Enugu State, yesterday appeared before a Lagos High Court in continuation of trial in the N1.5 billion libel case he instituted against a politician, Chief Okechukwu Ezea and a national newspaper.

Ozekhome makes case for physically-challenged persons

By Chidi Nkwopara OWERRI—Constitutional lawyer, Chief Mike Ozekhome, SAN, says “it is most lamentable that successive governments in Nigeria failed to properly plan for Nigerian youths, especially the less privileged and physically challenged persons.” Ozekhome, who spoke in Owerri, during the inauguration of the Youth Enhancement Organisation’s Board of Trustees, BOT, said “our society is […]

Army disowns fake charity agency

Enugu—The 82 Division of the Nigerian Army, Enugu says its attention has been drawn to the existence of a fraudulent organisation, which has been defrauding the public. A statement in Enugu yesterday by Lt.-Col. Sagir Musa, Assistant Director, Army Public Relations, said under the illegal body, “Nigerian Army Control Charity Programme,” members of the dubious […]

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