Dismiss N10.9bn theft charge, Nwosu, other Finbank directors tell court

Dismiss N10.9bn theft charge, Nwosu, other Finbank directors tell court

The former Managing Director of Finbank Plc,Okey Nwosu alongside three other directors of the bank, yesterday, asked a Lagos High Court sitting in Ikeja to dismiss the alleged N10.9 billion theft charge preferred against them by the Economic and Financial Crimes Commission, EFCC.
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Dismiss N10.9bn theft charge, Nwosu, other Finbank directors tell court

Dismiss N10.9bn theft charge, Nwosu, other Finbank directors tell court

The former Managing Director of Finbank Plc, Okey Nwosu alongside three other directors of the bank, yesterday, asked a Lagos High Court sitting in Ikeja to dismiss the alleged N10.9 billion theft charge preferred against them by the Economic and Financial Crimes Commission, EFCC.

Dickson laments activities of crude oil thieves

Dickson laments activities of crude oil thieves

Bayelsa State governor, Mr. Seriake Dickson, yesterday, described as frightening, the ongoing environmental despoliation being perpetuated by crude oil thieves in the hinterland of the state.

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.

A Nation’s Blessing

A Nation’s Blessing

IF Blessing Okagbare, the 25-year-old Nigerian lady who is putting the country’s name on the global map, were a footballer, Nigerians would have appreciated her achievements more profoundly.

PDP crisis’ll not affect Senate – Ndoma-Egba

PDP crisis’ll not affect Senate – Ndoma-Egba

The National Assembly will resume today after its vacation amid fears that the crisis in the ruling Peoples Democratic Party may affect the leadership of the Senate as a result of its alleged loyalty to the embattled PDP National Chairman, Alhaji Bamanga Tukur. In this interview, Senate Leader, Chief Victor Ndoma-Egba, SAN, says the crisis will not in any way affect the leadership of the upper legislative body. He also speaks on the expectations of the people from the Senate and the best way to resolve the PDP crisis. Excerpts:

Anambra 2013: Youths warn against replacing Nwoye as PDP candidate

Anambra 2013: Youths warn against replacing Nwoye as PDP candidate

Youths in Anambra North senatorial zone on the platform of Odimma Anambra North Youths Initiative, yesterday, advised the Peoples Democratic Party, PDP, against any attempt to replace Mr. Tony Nwoye as the governorship candidate in the November 16 governorship election in the state.

FG unveils new Yellow Card

FG unveils new Yellow Card

The Federal Government, yesterday, announced the introduction of new yellow card with six security features.

Advertising spend dipped by N11bn in 2012

Advertising spend dipped by N11bn in 2012

Nigeria advertising industry spend on Above-the-Line Advertising activities dropped by 10.6 per cent to N91.846 billion in 2012 as against N102.755 billion in 2011.

Abuja Motor fair to attract investment to auto sector

Abuja Motor fair to attract investment to auto sector

The 15th Abuja International Motor Fair is targeted at attracting more investments as well as government attention to the sector. Disclosing this in a chat with journalists, Mr. Ifeanyichukwu Agwu, Chairman of the Organising Committee for the event said that every effort have been deployed to ensure that the sector receives the needed support from both the government and the private sector to enhance its’ rapid development.

Medic raises alarm over epidemic of generator fumes

Medic raises alarm over epidemic of generator fumes

WORRIED by the rising incidence of death in the country from noxious portable generator-induced fumes, a member of the World Health Organisation, WHO, Advisory Panel of the Human Genetics Programme, Professor Olu Akinyanju, has called for urgent educational and awareness measures to stem the tide.