N220bn MSME Fund: CBN to grant loans to graduates

N220bn MSME Fund: CBN to grant loans to graduates

The Central Bank of Nigeria (CBN) has reviewed the guidelines for the N220 billion Micro, Small, and Medium Enterprises (MSME) Fund to allow new businesses (start-ups) borrow from the fund.
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Toshiba to cut 7,000 jobs in PC, TV units over accounting scandal

Toshiba to cut 7,000 jobs in PC, TV units over accounting scandal

Japan’s Toshiba Corp said on Monday it would cut nearly 7,000 consumer electronics jobs after a 1.3 billion dollars accounting scandal. Toshiba also said it would sell its television manufacturing plant in Indonesia and that eventual job cuts could be over 10,000, including previously announced cuts and those seeking voluntary early retirement.

Man in prison for allegedly killing co-tenant over N5,000 electricity bill

Man in prison for allegedly killing co-tenant over N5,000 electricity bill

A man, Chukwuebuka Okeke, who allegedly beat a co-tenant to death over N5,000 electricity bill, was on Monday remanded in Lagos prisons. An Ebute Meta Chief Magistrates’ Court which gave the ruling, said the accused should be remanded at Ikoyi Prisons pending advice from the State Director of Public Prosecutions (DPP).

Lagos decries alarming cases of violence against children

Lagos decries alarming cases of violence against children

The Lagos State Commissioner for Women Affairs and Poverty Alleviation, Mrs. Lola Akande has decried the alarming cases of violence against children, noting that recorded data over four years in the state is a pointer that more enforcement of Child Rights Law is needed to contain the trend.

$2b Arms Scam: Try beneficiaries for treason – Group urges FG

$2b Arms Scam: Try beneficiaries for treason – Group urges FG

A coalition of Society groups, New Nigeria Agenda and The Nigerian Project, on Monday, urged the Federal Government to try all beneficiaries of the two billion meant for the purchase of arms for treason. The Coordinator of the group, Mr Phil Roberts, made the call at a joint news conference in Abuja.

Woman docked over alleged peddling of 4.5 kg of Cocaine

Woman docked over alleged peddling of 4.5 kg of Cocaine

The National Drug Law Enforcement Agency (NDLEA) on Monday arraigned a 38-year-old woman before a Federal High Court in Lagos, over drug trafficking. The accused, Alake Abdulrazaq, is standing trial on a one-count charge bordering on the offence. She, however, pleaded not guilty to the charge.

Israeli deputy prime minister resigns over sex allegations

Israeli deputy prime minister resigns over sex allegations

Israeli Deputy Prime Minister Silvan Shalom has resigned over accusations from several women that he sexually molested them, according to media reports. The 57-year-old man said on Monday in Tel Aviv that it had become necessary for him to resign, because the distress was becoming unbearable for him.

N19.4bn fraud: Court grants Yuguda, 4 others N250m bail each

N19.4bn fraud: Court grants Yuguda, 4 others N250m bail each

An FCT High Court on Monday granted former Minister of State for Finance, Bashir Yuguda, ex-National Security Adviser, Sambo Dasuki and three others bail in the sum of N250 million each. Yuguda is standing trial alongside former Director of Finance in NSA Office, Shuaibu Salisu, former Governor of Sokoto State, Attahiru Bafarawa, his son, Sagir Attahiru and their company, Attahiru Investment Limited.

Akwa Ibom assembly elects new speaker

Akwa Ibom assembly elects new speaker

The Akwa Ibom House of Assembly on Monday elected Mr Onofiok Luke as its new Speaker. Luke, who represents Nsit Ubium constituency emerged as Speaker following the nullification of the election of the former Speaker, Aniekan Uko. The Appeal Court Tribunal sitting in Abuja had last week nullified the election of the former speaker.

Pedro backs Fabregas to silence Bridge boo-boys

Pedro backs Fabregas to silence Bridge boo-boys

Spain forward Pedro has backed his club and international team-mate Cesc Fabregas to overcome hostility from some Chelsea fans and come good for the west Londoners. Midfielder Fabregas was jeered by some sections of the Stamford Bridge crowd during Saturday’s 3-1 win over Sunderland as part of protests against the sacking of ‘Shed’ hero Jose Mourinho.

Lagos Court’s Registrar jailed 10 years for defrauding Bamaiyi of $330,000

Lagos Court’s Registrar jailed 10 years for defrauding Bamaiyi of $330,000

Justice Lateef Lawal-Akapo of an Ikeja High Court on Monday sentenced a court registrar, Mrs Oluronke Rosolu, to 10 years imprisonment for defrauding a former Chief of Army Staff, retired Lt.-Gen. Ishaya Bamaiyi of 330,000 dollars. Rosolu was convicted on all the two counts charge of conspiracy and obtaining money by false pretences brought against her by the Economic and Financial Crimes Commission (EFCC).

We received N12m ransom from kidnap of Okonjo-Iweala’s mother – Suspect

We received N12m ransom from kidnap of Okonjo-Iweala’s mother – Suspect

A 27-year-old man, Peter Nweke, on Monday admitted that his gang was paid N12 million ransom when they abducted Prof. Kamene Okonjo in 2013. A statement from the police in Enugu said Nweke, who hails from Umumba Ndiagu in Ezeagu Local Government Area of Enugu State, made the disclosure during interrogation.

Faleke’s tribunal suit, a disrespect to APC – Owotunse

Faleke’s tribunal suit, a disrespect to APC – Owotunse

…..Faleke’s decision will deepen democracy – Hon. Duro Meseko By Kingsley Fanwo A human right activist, Mr. Emmanuel Owotunse has taken a swipe at Hon. James Faleke for approaching the tribunal over the choice of Alh. Yahaya Bello as the choice of the party to replace late Prince Abubakar Audu, saying Faleke’s action was an […]

Man, 32, in court for raping 18-year-old girl

Man, 32, in court for raping 18-year-old girl

James Adamu, a 32-year-old man, who allegedly raped an 18-year-old woman in Ota, Ogun, on Monday appeared before an Ota Magistrates’ Court. The suspected rapist has, however, been admitted to a bail of N100, 000 with one surety in like sum. Adamu, who resides at No. 10, Bello Close, Olokomeji Ijoko in Ota, is facing a charge of rape.