$12.4bn oil windfall: Again, judge postpones judgment

$12.4bn oil windfall: Again, judge postpones judgment

The Presiding judge of the Federal High Court, Abuja , Gabriel Kolawole, Friday, postponed the delivery of judgement in the suit seeking to compel the Central Bank of Nigeria, CBN, and the Attorney General of the Federation, AGF, to disclose how the $12.4 billion oil windfall money that accrued to the Federal Government between 1988 and 1994, was spent.
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Lagos N80bn infrastructure bond agreement signed

Lagos N80bn infrastructure bond agreement signed

The Lagos Sate government, yesterday, signed an agreement with consortium of capital market operators to raise N80 billion bond aimed at financing infrastructure renewal in the state.

Bakassi: UN suspends Nigeria, Cameroon maritime boundary demarcation

Bakassi: UN suspends Nigeria, Cameroon maritime boundary demarcation

FOLLOWING protests embarked upon by the displaced people of Bakassi on Wednesday and Thursday, the Joint Technical Team, comprising the United Nations, Nigerian and Cameroonian officials, have announced the suspension of the demarcation of the maritime boundary between Nigeria and Cameroon.

Why Boko Haram persists – Ofonagoro

Why Boko Haram persists – Ofonagoro

Former Minister of Information, Dr. Walter Ofonagoro, has said that the successive growth of the Islamic sect, Boko Haram, was a result of the fundamental issues that had not been addressed since the 60’s.

CBN recovers N6bn excess charges from banks  – Sanusi

CBN recovers N6bn excess charges from banks – Sanusi

Central Bank of Nigeria (CBN) Governor, Mallam Sanusi Lamido Sanusi, said, yesterday, that the apex bank recovered N6 billion from banks as excess charges deducted from customers within the last one year.

Report on Presidential retreat ready – Sports Minister

Report on Presidential retreat ready – Sports Minister

The Minister of Sports and Chairman of the National Sports Commission, Mallam Bolaji Abdullahi has disclosed that the report on the one-day Presidential Retreat held inAbuja in October is ready and his ministry has already commenced implementation of the recommendations made by the working group.

NJC replaces Adamu as acting PCA

NJC replaces Adamu as acting PCA

The National Judicial Council, NJC, yesterday, gave the Acting President of the Court of Appeal, Justice Dalhatu Adamu, till today, to vacate the office.

GAT: We’re yet to see tech drawings, cost analysis – Uzodinma

GAT: We’re yet to see tech drawings, cost analysis – Uzodinma

Chairmanof Senate Committee on Aviation, Senator Hope Uzodimma, yesterday, said the members of the senate committee on aviation are yet to see the technical drawings and cost analysis of the remodelled General Aviation Terminal, GAT, building to enable the committee assess the quality of job done and to know if the job was properly valued.

You can’t try us, subsidy suspects tell Lagos court

You can’t try us, subsidy suspects tell Lagos court

Two oil marketers, Samuel Bamidele Aro and Abiodun Bankole yesterday asked an Ikeja High court to wash its hands off the alleged N1.3 billion oil subsidy fraud charge levelled against them on the ground that the court lacks power to entertain the case.

Ogun embargoes filling stations construction

Ogun embargoes filling stations construction

The Ogun State government yesterday disclosed that it had put an embargo on the construction of filling stations across the state in order to reduce the effects of the proliferation of petrol stations and as well avoid what it described as preventable accidents which had led to the loss of lives in the state.

IG justifies introduction of vehicle biometrics by police

IG justifies introduction of vehicle biometrics by police

The Inspector General of Police, Mohammed Abubakar has said 1,157 duplicated vehicle chassis numbers, 33, 000 duplicated number plates and 3,585 duplicated vehicle engine numbers are in circulation in the country.

NIM boosts managerial competence of industry chiefs

NIM boosts managerial competence of industry chiefs

The Nigerian Institute of Management, NIM, said it has concluded its international training programme aimed at improving the managerial competence of top executives of both private and public organisations.