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BoI explains EFCC’s probe of cement funds management

The Bank of Industry (BoI) yesterday explained that the investigations by the Economic and Financial Crimes Commission (EFCC) over the allegation of misapplied cement funds had since been resolved. According to the Bank’s management, parties to the transaction have addressed the concerns raised with the new terms reached on how to manage the funds which have grown from N9 billion in 2011 to N13.2 billion as at last week Friday. Indeed, BoI was appointed in 2009 to manage funds accruing from levies on imported cement for the development of Nigeria’s cement industry.

Day 16: Let generosity reach its peak! (2)

There is no time to be more generous than now. Be generous at heart; do not let stinginess overcome you. Let the verses of Quran and hadith encourage you to spend generously in the way of Allah and keep the goal of attaining the hereafter in your mind. Allah SWT says in the Quran: “And whoever is protected from the stinginess of his soul— it is those who will be the successful.”

Labour threatens to shut down Oyo over education policy

ORGANISED Labour has given Oyo State government Thursday to resolve ongoing dispute with workers in the state over its education policy, failing which all commercial and other activities in the state will be shut down.

2 arrested after purchasing car with fake bank alert

Two men, who specialize in defrauding car dealers in Lagos by issuing fake bank cheques and fake bank alerts, met their waterloo yesterday, when one of their victims, identified as Ifeanyi, raised the alarm when he discovered that an alert he got for the payment of the vehicle sold to the suspects was not genuine.

Breaking News: Uwagboe explores root cause of insecurity in Africa

The ongoing group exhibition at the Art21 gallery, Eko Hotel and Suites, Lagos, has raised a lot of question as to how Nigeria got to the pitiable state it has found itself especially regarding politics and mechanism of the mass media as well as challenges of insecurity.

Avengers denies ceasefire agreement with FG

THE Niger Delta Avengers, NDA, yesterday, said it has never entered into any agreement with the Federal Government on cessation of hostilities in the Niger Delta region.

Tussle over Keshi’s final resting place

The Onyeogu Family Union Ukpologwu Illah, Delta State has stated, in categorical terms, that the remains of late former national team coach, Stephen Okechukwu Keshi will be buried at his ancestral home in Illah.

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