EFCC, Akingbola’s counsel trade word over arraignment

EFCC, Akingbola’s counsel trade word over arraignment

A mild drama ensued before Justice Habeeb Abiru of the Ikeja High Court, yesterday, as new effort by the Economic and Financial Crimes Commission, EFCC, to formally arraign former Managing Director of Intercontinental Bank, Dr. Erastus and Akingbola and one of his aides, Bayo Dada, over alleged stealing failed.
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EU advises CSO on budget monitoring

EU advises CSO on budget monitoring

The European Union Support to Reforming Institutions Programme (SRIP) Jigawa State Technical Unit, EU-SRIP, has advised Civil Society Organizations (CSOs) in the state on the need to participate in the budget process to ensure its transparency

Siemens records broad-based growth in second quarter

Siemens records broad-based growth in second quarter

Siemens, a multi-diverse energy company with operations in Nigeria has announced that it achieved broad-based growth and increased new orders by 28 percent year-over-year in the second quarter of the 2011 fiscal year.

Firm packages offshore training for realtors

Firm packages offshore training for realtors

Nigerian builders, consultants, mortgage finance institutions and other related companies will next month be at the Washington DC., USA headquarters of the National Association of Home Builders (NAHB) for a one week training

Expert wants Lagos divided into 50 planning zones

Expert wants Lagos divided into 50 planning zones

For effective planning and supervision of building projects in Lagos, the city should be divided in at least 50 zones. Similarly land surveyors who are central in any development plan, should be accorded the prominence they deserve.

Emirates growth angers European airlines

Emirates growth angers European airlines

Emirates plans to fly to more places and order more planes, ignoring claims of unfair competition from rivals, the airline’s chairman said on Tuesday.

Maternal/child health: UNICEF commends Nigerian media

Maternal/child health: UNICEF commends Nigerian media

The Nigerian media has been commended for its prompt and incisive reporting of issues affecting women and children in the country during the first quarter of 2011. The media also recieved kudos for eliciting appropriate response and interventions from the three tiers of government and relevant agencies.

Zenith, Fidelity others top in customer satisfaction

Zenith, Fidelity others top in customer satisfaction

Zemith Bank Plc, Fidelity Bank Plc, Guaranty Trust Bank Plc and Stanbic IBTC Bank Plc led as most customer satisfaction in the KPMG International result of its 2011 Banking industry customer satisfaction survey which assesses the performance of Nigerian banks in creating value and satisfying their customers.

Why PDP won Abia State: The Orji, Emenike reconciliation factor

Why PDP won Abia State: The Orji, Emenike reconciliation factor

THE 2011 general elections have come and gone and the usual electoral battle has shifted to the tribunals. In Abia State where the ruling Peoples Democratic Party (PDP) won all the seats contested, viz; governorship, three senatorial seats, eight House of Representative seats and 24 House of Assembly seats. To the party and its supporters in the state, the performance is a feat but it is important to look at the odds that worked in favour of the party to sweep the polls.

Architects’ forum to brainstorm on city devt

Architects’ forum to brainstorm on city devt

To complement the efforts of Lagos State Government towards making Lagos a liveable city, this year’s Lagos Architects’ Forum will focus on urban and city development with the objective of making the highly populous city vibrant and liveable.

PH Cement workers demonstrate, seek probe of sacked MD

PH Cement workers demonstrate, seek probe of sacked MD

Senior and junior workers of Eagle Bulk Cement Company in Port Harcourt, Rivers State, last weekend, carried placards, demonstrating and seeking the investigation of its former Managing Director.
Specifically, the chemical and non-metallic products workers union wants the management of the place to ask the Economic and Financial Crimes Commission, EFCC, to probe the former management because of the alleged illicit financial dealings in the company. Chairman of the union Comrade Simeon Onyeama told journalist that the workers had not received their entitlements and many benefits since 2000, because of the oppressive policies and the poor handling of the affairs of the company .
“Many of our workers have been unjustifiable laid off in the last 10 years while those who retired voluntarily have not been paid their gratuity in the past five years”, stating, such act of management should be probed to explain how it handled matters. The period of stewardship had been characterised by continuous management and workers friction and we could not have continued going back, there is the need to go forward.

We assure management, agents and customers of the company our maximum support, cooperation and productivity because of the new dawn in the company”, Oyeama said.

Oceanic Bank consolidates performance, PBT hits N28.8 bn

Oceanic Bank consolidates performance, PBT hits N28.8 bn

Oceanic Bank International Plc has consolidated its performance, recording a Profit Before Tax (PBT) of N28.863 billion for the financial year ended December 31, 2010, as against a loss of N117.865 billion recorded in the corresponding period of 2009.

Lagos appraises performance in road sector

Lagos appraises performance in road sector

Appraising its performance in the last four years, the Lagos State Government last week, said it has completed a total number of 150 roads covering a length of 176.03 kilometres. Similarly, work is ongoing on another 197.20 kilometers of roads.

IPMAN demands increased security for stability in downstream sector

IPMAN demands increased security for stability in downstream sector

ABUJA — The Independent Petroleum Marketers Association of Nigeria, IPMAN, have assured Nigerians of regular products’ supply, after weeks of uncertainty and instability in the downstream sector, which led to the re_emergence of fuel queues in filling stations in the Federal Capital Territory, Abuja, and other parts of the North.