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Wema Bank to raise N35bn by April

Wema Bank to raise N35bn by April

Wema Bank Plc, said it will complete a 35 billion naira ($220 mn) private share placement to strategic investors by the end of April and apply to become a national bank again.

Warri warders’ ambush: Comptroller-General absolves officials of blame

Warri warders’ ambush: Comptroller-General absolves officials of blame

COMPTROLLER- GENERAL of Nigerian Prison Service, NPS, Mr. Zakari Ibrahim, has absolved officials of the service in Warri, Delta State, of culpability in last Wednesday’s ambush of an escort team by a kidnap gang. Three warders were shot dead and two suspected kidnappers reportedly snatched in the daylight attack.

2012 flood: UN assistance to Delta trapped

2012 flood: UN assistance to Delta trapped

An undisclosed sum of money released by the United Nations, UN, to Delta State, one of the states devastated by flood last year, is trapped and might not get to the beneficiaries, as the six-months set out for the spending of the fund, will soon expire.