Confusion, agitation, anxiety as customers disagree over nationalisation of banks

Confusion, agitation, anxiety as customers disagree over nationalisation of banks

Customers of the three nationalised banks are disagreeing over the take-over of the banks by the Federal Government. Two weeks ago, the Federal Government through the Nigeria Deposit Insurance Corporation, NDIC, took over the assets of former Afribank Plc, Bank PHB Plc and Spring Bank Plc following the revocation of their licences by Central Bank of Nigeria, CBN.
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The ‘secularism’ argument (4)

The ‘secularism’ argument (4)

The truth is America’s claim to being ’God’s Own Country’ is logically in conflict with her being ’secular’ for the simple reason that we have been told to be ‘secular’ is to be ’concerned’ with the ‘profane’ in disregard of the ‘sacred’?

British riots fuel anti-migrants fear

British riots fuel anti-migrants fear

Everyone’s heard about the police taking bribes, the members of parliament stealing thousands with their expenses. They set the example. It’s time to loot”. With these words, a youngster set the tone for the rationale of London looters that unleashed a wave of violence and looting that swept through London and other major cities.

e-Government appoints new chairman

e-Government appoints new chairman

The Board of Directors of National e-Government Strategies Limited has appointed Chief J.B. Fumudoh, as chairman while the board terminated the appointment of Matrix Solicitors as company’s secretary and legal advisers and also appointed Messrs CNS/Adefulu, as Company Secretary and Legal Adviser.

Judicial circumlocution in Nigeria

Judicial circumlocution in Nigeria

From media reports, it would appear that the National Judicial Council (NJC) has finally arrived at a verdict on the legal battle between Justice Isa Ayo Salami, President of the Court of Appeal (PCA) and Justice Aloysius Katsina- Alu, Chief Justice of Nigeria (CJN). To be frank, the verdict took us by surprise considering the obvious design to delay it as is customary with cases in our courts.

Massive withdrawals hits nationalised banks

Massive withdrawals hits nationalised banks

In a bid to stabilise the banking industry for greater productivity, the Central Bank of Nigeria, CBN, last weekend, revoked the licences of Spring Bank, Bank PHB and Afribank, even as the monetary authority announced the extension of the inter-bank guarantees of the bridge banks to replace the three axed banks until December 31, 2011 to ensure continued operation.