Alleged $2.3m fraud: Ohakim secures N270m bail

Alleged $2.3m fraud: Ohakim secures N270m bail

Former Governor of Imo State, Mr. Ikedi Ohakim, who was on Wednesday, remanded in the custody of the Economic and Financial Crimes Commission, EFCC, after he was arraigned before the Federal High Court sitting in Abuja over money laundering charge, yesterday, regained his freedom.
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Quash Okowa’s DESOPADEC amendment bill, Ijaw youths urge DTHA

Quash Okowa’s DESOPADEC amendment bill, Ijaw youths urge DTHA

Delta Ijaw Oil Producing Communities Youths Assembly, DIOPCYA, has called on Delta State House of Assembly to quash the Delta State Oil Producing Areas Development Commission, DESOPADEC Amendment Bill 2015, sponsored by Governor Ifeanyi Okowa.

APC Crisis: Don’t write Yoruba off – ARG

APC Crisis: Don’t write Yoruba off – ARG

Lagos—It is too early to say that the Yoruba have lost out from the All Progressives Congress, APC Federal Government they helped to enthrone, leaders of the Afenifere Renewal Group, ARG have said.

Shareholders fret over demand for foreign loans by insurance companies

Shareholders fret over demand for foreign loans by insurance companies

Shareholders have called on National Insurance Commission, NAICOM to stop some of the Nigerian insurance companies who are in the habit of seeking foreign loans rather than looking inward. The shareholders argued that incessant foreign loans by some of the insurance companies have negative impact on the balance sheet of companies and could jeopardise indigenous shareholders investments.

Achieving Malabo Declaration on agric needs  evidence-based approach – Stakeholders

Achieving Malabo Declaration on agric needs evidence-based approach – Stakeholders

When African leaders endorsed the Comprehensive Africa Agriculture Development Programme (CAADP) as a New Partnership for Africa’s Development (NEPAD) program in July 2003, the overall goal was to “Help African countries reach a higher path of economic growth through agriculture- led development, which eliminates hunger, reduces poverty and food insecurity, and enables expansion of exports.”

Aborted primaries: Oyo PDP aspirants demand refund

Aborted primaries: Oyo PDP aspirants demand refund

Ibadan – AS part of its efforts to prevent future electoral defeat in Oyo State, some leaders of the Peoples Democratic Party, PDP, in the state have said one of the solutions is to refund the money that the party collected from aspirants since no primary was held to pick the party’s candidates for the last election.

IGR, a war against Nigerians

IGR, a war against Nigerians

THE states in Nigeria have become used to collecting monthly allocations from the Federation Account, squander it and return for more since the past years. From 1999, the Governors spend more time and energy plotting how to be more creative in collecting allocations, than growing their states’ economies. Agriculture, mining, use of solid minerals, and manufacturing were relegated , for quick money from the centre, so much so, that today, a state governor, like in Edo State, can stand on a podium and start accusing the Finance Minister of spending money without approvals , while the beam in the eyes of his administration remain un- attended to.

CBN’s new forex policy to yield $16.4bn

CBN’s new forex policy to yield $16.4bn

THE Central Bank of Nigeria (CBN) may be saving the economy about $16.4 billion or N3.24 trillion from the new foreign exchange policy it introduced last week.

How Edo Mass Movement’ll produce Oshiomhole’s successor — Ogbemudia

How Edo Mass Movement’ll produce Oshiomhole’s successor — Ogbemudia

THe Edo Mass Movement (EMM), a socio-political group led by two-time former Governor of the defunct Bendel State, Dr Samuel Ogbemudia was formally unveiled to the people of the state, last weekend, with the aim of searching for a suitable successor for Governor Adams Oshiomhole in 2016.

World Bank asks other countries to emulate NDIC Target Fund Ratio

World Bank asks other countries to emulate NDIC Target Fund Ratio

The World Bank has described the Target Fund Ratio Framework, TFRF, of the Nigeria Deposit Insurance Corporation, NDIC, as a model which should be emulated by other deposit insurance institutions across the globe. Mr Julian Casal who led the World Bank technical team on a 4-day working visit to the corporation on a formal presentation of the Target Fund Ratio Framework and staff capacity building said that each deposit insurer needed a robust fund with which to meet demands of its mandate.

Jos bomb blasts: Tales of sorrow, pain and despair days after

Jos bomb blasts: Tales of sorrow, pain and despair days after

AS you approach the gates of the hospitals where they are receiving treatment, everyone you meet wears a mournful, gloomy look. Many of them have tears in their eyes and speak in low, sorrowful tones, while some just gaze into space. Indeed it was a depressing atmosphere within the premises of the Plateau Specialists Hospital, Bingham University Teaching Hospital and Our Lady of Apostle, OLA, Hospital as grief-stricken relatives of the victims of the Sunday night twin blasts in Jos, the Plateau State capital, are seen either mourning their dead or taking care of their loved ones who survived with injuries.

ACHOS releases new smartphone, 50d Helium

ACHOS releases new smartphone, 50d Helium

French brand ARCHOS is set to unveil its newest addition, ARCHOS 50d Helium to its line of smartphones. The new device according to the CEO of the company, Loic Poirier represents commitment to 4G connectivity in stylishly designed smartphones for all ACHOS customers. The ARCHOS 50d Helium showcases a slim and elegant design. The product box includes two coloured back cases in storm blue and stone grey, which evoke high technology and nature simultaneously hrough stone finishes.

BRT driver docked over man’s death

BRT driver docked over man’s death

LAGOS—A BRT Bus driver, Olayinka John, 43, has been arraigned before an Oshodi Magistrate’s Court in Lagos for allegedly driving on public highway in a dangerous and reckless manner and causing the death of one Musa Abdulateef.

Ekweremadu as Deputy Senate President, good for Buhari —Akpabio

Ekweremadu as Deputy Senate President, good for Buhari —Akpabio

FORMER governor of Akwa Ibom State and Senator representing North West senatorial district of the state, Senator Godswill Akpabio, yesterday, threw his weight behind the election of Senator Ike Ekweremadu as Deputy Senate President, saying that his emergence, June 9, was across party lines and a vote for experience by the senators.