PORT HARCOURT — It was a black day in Egiland, yesterday, as unidentified gunmen, suspected to be members of a cult group, the Islanders, in the area invaded the Egi kingdom in Ogba/Ebgema/Ndoni Local Government Area of Rivers State killing at least 15 residents.

The National Housing Fund (NHF) scheme was established by Act 3 of 1992 to enable Nigerians in all sectors of the economy, particularly those within the low and medium income levels who cannot afford commercial housing loans to own houses.

The Federal Government has disclosed that it will commence the privatisation of the country’s refineries and concessioning of pipelines and depots immediately the Petroleum Industry Bill, PIB, is passed into law.

Governor Emmanuel Uduaghan of Delta State, yesterday, called on the Federal Character Commission, FCC , to ensure that the nation’s revenue was equitably and fairly distributed among the three tiers of government in order to bail out some states which find it difficult to even pay salaries of their workers due to lack of funds.

THE Committee on Political Parties and Electoral Matters has recommended that elected political officers who cross carpet before the expiration of their terms, must automatically forfeit their seats, but be free to contest for such a position or any other position on the platform of their new offices.

People of Ibeno community in Akwa Ibom State have decried Saturday’s crude oil spill in their community from facilities operated by ExxonMobil Producing Nigeria, MPN, Unlimited, noting that spills from the company’s facilities had been persistent, while nothing was done to clean them up.

THE Rector of the Federal Polytechnic, Oko, Anambra State, Professor Godwin Onu, yesterday pleaded with the striking members of the institution’s Academic Staff Union of Polytechnics, ASUP, to call off their strike that has lasted for 11 months.

FACTIONAL Speaker of Edo State House of Assembly, Mr. Festus Ebea and other Peoples Democratic Party, PDP, legislators were, yesterday, barred by the Police from entering the legislative chambers to attend plenary session.

Former governor of Osun State, Prince Olagunsoye Oyinlola says he remains a cornerstone of the Peoples Democratic Party, PDP, in the party’s quest to attain victory in the August 9 governorship election in the state.

By BABAJIDE KOMOLAFE The objective of the National Investors Protection Fund (NIPF) being proposed by the Securities and Exchange Commission (SEC) is to provide compensation to some class of investors when they suffer loss due to fraud or insolvency of some specified capital market operators. In addition to some of the weaknesses in the guidelines […]

By WILLIAM JIMOH ASSET Management Corporation of Nigeria (AMCON) established on July 19, 2010, following the signing of the AMCON Act into Law by President of the Federal Republic of Nigeria, was created to be a key stabilising and re-vitalising tool to revive the financial system by efficiently resolving the non-performing loan assets of the […]

Ekiti State governor-elect, Dr Ayo Fayose yesterday asked an Ado Ekiti High Court to transfer a case before it on his eligibility in contesting the June 21 governorship election to Federal High Court

Almost three months after Boko Haram terrorists abducted more than 200 schoolgirls in Chibok, Borno State, the military announced, yesterday, that it has arrested one of the sect’s leaders, who was one of the abductors.

By Kingsley Adegboye & Olasunkanmi Akoni Lagos residents had thought that the days of  refuse heaps on the streets of Lagos metropolis were over. What gave rise to this optimism was the various initiatives introduced by the Lagos State Waste Management Authority, LAWMA, to address the problem. These included the incorporation of the Private Sector […]

Making her first public appearance since the end of her mourning period after the death of her husband, Nelson Mandela, Graca Machel, has tasked the world to ensure that women, children and infants attain their given potential, no matter where they live in the world.