Foreclosure and repossession laws retard housing development — Experts

Foreclosure and repossession laws retard housing development — Experts

MR. Abdul Adesanya (not real names) owns a multi-tenanted property in the Orile Iganmu area of Lagos. Having had some torrid experiences in the hands of his tenants, majority of who were defaulting in the payment of their rents, Mr. Adesanya decided to sell the property to a woman who wanted to use it to run a private nursery and primary school.
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Feeble effort to address unclaimed dividends

Feeble effort to address unclaimed dividends

Another major revelation in the various complaints of investors is that of attitude of regulators and market operators to the problem of unclaimed dividends. Severally, we have received complaints from investors, who have invested for years and they have never received dividend. Many of them want to collect their dividend and they had made attempts, but they were deliberately frustrated. A classical example is the complaint from Mr. Udenta Christopher, who said:

4 oil firms, 2 CEOs arraigned over N2.9bn fuel subsidy scam

4 oil firms, 2 CEOs arraigned over N2.9bn fuel subsidy scam

The last may not have been heard about the fuel subsidy scam by some oil companies as the Special Fraud Unit of the Nigeria Police Force, have charged four companies and two Managing Directors/Chief Executive Officers to court for allegedly obtaining N2.9 billion from the Federal Government under false pretence of importing petroleum products into the country.

Oil earnings dip by N36bn in Q2

Oil earnings dip by N36bn in Q2

The contribution of the oil and gas sector to the Nigerian economy declined significantly in the second quarter of 2013, as revenue accruable to the Federal Government from the sector dipped by N35.7 billion.