LASG holds 35% equity in Falomo Mall concessioning

The Lagos State government retains 35 percent equity holding in the concession agreement to redesign and redevelop the Falomo Shopping Centre in addition to the payment of N50 million which was meant for expression of interest only, the concessionaire, Afriland Properties Plc, has said. Managing Director/CEO of the firm, Mrs Uzo Oshogwe, made the disclosure in a statement, last week, in response to the widely reported revocation of the concession agreement by the State Governor, Mr. Akinwunmi Ambode.
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Buhari furious, summons NDDC mgt over contract-splitting

Worried by alleged mismanagement of funds of the commission running into billions of Naira, the Presidency has summoned the management of the Niger Delta Development Commission, NDDC, to answer questions on the true financial status of the agency.

Economy in trouble, as oil price crashes

Nigeria’s economy may be heading for trouble, as oil price crashed even lower at the weekend, thereby threatening the 2015 budget and fiscal plan.

Reps ready for salary cut, declare support for anti-graft war

IN support of the move to reduce the high cost of governance and to boost the war against corruption, the House of Representatives has declared its readiness to take salary cut and back President Muhammadu Buhari’s anti-graft measures.

Man set ablaze for stealing pot of soup in Calabar

A mob in Calabar, Cross River State capital, yesterday, butchered a young man and set the remains on fire beside Atu Secondary School fence along Goldie Street, for allegedly robbing a woman of a pot of soup. His two accomplices escaped.

Why I’m against Wike’s probe panel – Amaechi

PORT HARCOURT—Immediate past governor of Rivers State, Mr. Rotimi Amaechi, has again explained why he wants to stop the Judicial Commission of Inquiry set up by his successor, Nyesom Wike, to probe some selected government transactions, while Amaechi was governor.

Gov Emmanuel lauds firm over shopping mall

UYO—Akwa Ibom State Governor Mr Udom Emmanuel, has commended the decision of Resilient Africa, a shopping conglomerate in establishing a Shopping Mall, Shoprite in the State, saying the initiative underscores the avowed determination of his administration to place the state among comity of industrialised Nations.

Our initial capital was the idea in my head — Ahmed Atere

Engineer Ahmed Atere is the Chief Operating Officer of Meed Networks, an ICT consultancy and training outfit that is into Integrated Network, LAN, Fibre Optic and Telecom Infrastructure solutions, Cabling and Wiring systems, Biometrics, Test and Security Network solutions.

Obi advises CBN to re-consider monetary policies

The former Governor of Anambra State, Mr. Peter Obi has called on the Central Bank of Nigeria, CBN, to re-consider some of the recent monetary policies, especially those, according to him, whose adverse effects outweighed their positive impacts. Obi was speaking to journalists during the ordination of 2015 set of priests by the Awka Diocese of St. Patrick’s Cathedral, Awka, on Saturday.

FLOOD: Relocate to safer grounds, NEMA warns Imo communities

OWERRI—NATIONAL Emergency Management Agency, NEMA, has advised residents of flood-prone communities in Ohaji/Egbema and Oguta local government areas of Imo State, to immediately relocate to safer grounds. The advice came on the heels of the early warning from relevant Federal Government agencies, including the security organizations, about the impending flood that would hit the affected communities.

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