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AGM: Shareholders caution CAC over unnecessary approvals

AGM: Shareholders caution CAC over unnecessary approvals

In the letter signed by the National Coordinator, and General Secretary of PROSAN, Mr. Oderinde Taiwo and Mrs . Oluyemisi Fawunmi , it sated , I hereby write on behalf of the above named associations and the entire minority shareholders of International Energy Insurance Plc for your insensitivity and for putting our investment at risk by granting approval to one of the shareholders of the company by name Pearlchris Properties Limited t hold Extra- ordinary General Meeting, EGM last month at Le Meridian Hotel, Uyo, Akwa Ibom State.”

Recovery of delinquent credit facilities and the economic calamity ahead

Recovery of delinquent credit facilities and the economic calamity ahead

The CBN directive will however result in very painful re-adjustments – at least in the short term. Most of these companies have operated on the principle of not allowing the left hand to know what is happening on the right hand. Each bank had guarded jealously its transactions with the biggest customers. That is precisely what the dubious business people want. Until a loan goes terribly bad, and it is large enough, most banks will not disclose to other banks their experience with the customer. That way, the same customer can dupe several banks at the same time.

Mr. President:  Beware of the day of subsidy removal

Mr. President: Beware of the day of subsidy removal

According to recent media reports, almost N5tn was disbursed as subsidy payment on fuel consumption between 2006-2012? Thus, the annual average provision of about N1tn is probably equivalent to about one fifth of total annual federal budget in the same period. In effect, subsidy payments clearly exceeded the consolidated annual allocations for health, education, transport and agriculture every year.

Irate youths disrupt inspection of ballot papers in Delta

Irate youths disrupt inspection of ballot papers in Delta

OLEH—PANDE-MONIUM broke out at the premises of the Independent National Electoral Commission, INEC, at Oleh, Isoko South Local Government Area, Delta State, weekend, as irate youths disrupted the inspection of ballot materials used for the April 11, 2015, state assembly election in Isoko South constituency II.