Nigeria’s first indigenous automobile manufacturer, Innoson Motors Nigeria Limited, has slammed a N30 billion suit against Guarantee Trust Bank, GTB, as a result of damages the company suffered following an ex parte order of Mareva Injunction, which GTB applied and obtained, freezing Innoson’s accounts in all the banks in Nigeria.

A survey has shown that Nigerian politicians, especially state governors, deliberately involve themselves in flagrant and ostentatious expenditure as a way to show off their class, without the knowledge that their action is responsible for the underdevelopment of the economy.

The Chief Judge of the Federal High Court, Justice Ibrahim Auta, has urged the Nigeria Deposit Insurance Corporation, NDIC, to impose stiffer sanctions against operators of illegal financial institutions known as ‘Wonder Banks’ in the country.

It is all about our common interest because we are all affected. If Nigeria does not have enough revenue, it would not be able to execute government programmes. But you know that the life line of the revenue source of this country is oil. If it does well, you would not know there is problem in all the other sectors. But how do you do effective tax administration in the face of the present tax system? A good tax system is based on the law, the policy and the administration.

Super Eagles boss, Stephen Okechukwu Keshi, has said contrary to news making the rounds that he has applied for the job of Manager of the Elephants of Cote ‘D Ivoire, he is rather very happy with managing the Nigerian national team; Super Eagles who defeated the Ivorien national side on the way to the SA 2013 triumph.

IN ideal democracies which Nigeria is copiously adopting, the principle of separation of powers is one of the pillars on which such societies are built. Indeed, since they (judiciary, legislature and executive) exist independently, they are meant to perform the role of checks and balances. In doing so, they avoid encroaching on each other’s responsibilities and constitutionally assigned roles.

Head Coach of the U-23 Team, Dream Team, Samson Siasia has wielded the big stick by dropping seven of the players in the team’s camp after the 3-3 draw with Wikki Tourists of Bauchi.

“The amount of money found in their different bank accounts and the worth of property disclosed by them, which is above their proven income, suggest that there is a strong case against them. “Although they complied with the EFCC when they were granted administrative bail, the same may not be said of them now that they know the gravity of what lies ahead,” he said.

Some weeks before the recent presidential election, a former governor in the frontline of the campaign of the All Progressives Congress, APC reportedly went to the Lagos home of a national leader of the party and prostrated before him, begging him that they should not quarrel over some then emerging issues. The leader had acquiesced as both men resolved to paper over the issues between them and focus on the main target of forcing out their common enemy, that is, President Goodluck Jonathan out of office.Now, having successfully uprooted the vagaries of President Jonathan and his Peoples Democratic Party, PDP from power, those issues that were papered over have now been exposed as the new ruling party seeks albeit with much frustration to forge a common ground.

The story went on to reveal that what started as an N8 billion scam had escalated to N12 billion scandal. Most probably, that might not even be the end of the story. Most likely other discoveries or revelations will increase the amount and how long the economic sabotage had been going on within the banking system – with the Central Bank of Nigeria, CBN, as the epicenter of this financial war against Nigeria by a few ndividuals in the banking sector.