THE Pension Transitional Arrangement Directorate, PTAD, has discovered and removed no fewer than 800 ghost accounts from its register. The ghost names were reportedly smuggled into the register of the fund by public officials saddled with the management of senior citizens’ retirement benefits to defraud the Federal Government.

Agwu Samuel, the 31-year-old man that was arrested, weekend, by officials of the National Drug Law Enforcement Agency, NDLEA, with 10 pellets of cocaine weighing 110 grammes, has said that he went into drug trafficking to raise money to set up a new business.

Policemen attached to Meiran Division, Lagos, have arrested a woman who allegedly assaulted her 13-year-old maid, identified as Esther, with a saw blade for burning her pot of beans.

Rivers State governor, Mr Nyesom Wike, has said that the painful general hardship flowing from the country’s economic crisis affects all Nigerians, hence all hands must be on deck to resolve the challenges.

HE House of Representatives Adhoc Committee on Rail Contracts has unearthed how an unregistered company was awarded a N19 billion contract in 2011.

IN an apparent bid to enhance supply of foreign exchange to the bureau de change, BDC, segment of the foreign exchange market, Central Bank of Nigeria (CBN) last month directed that banks should sell $50,000 from proceeds of international money transfers ( IMT) to the 3000 BDCs in the country.

Socio-Economic Rights and Accountability Project, SERAP, has dragged the Federal Government to the Federal High Court in Lagos, asking the court to compel the Attorney-General of the Federation and Minister of Justice Abubakar Malami, SAN, to institute criminal proceedings against former first lady, Mrs. Dame Patience Jonathan, over $15 million unexplained wealth frozen in four companies’ accounts.

IN its quest to provide Nigerians with investment options to enhance their incomes, Eagle Global Markets, EGM has come up with Naira used global trading platform that put off pressure on Foreign Exchange, FX and gives more value to the local currency.

A research by World Bank has revealed that low productivity of workers is largely responsible for poor service delivery in Nigeria’s education and health sectors.

IT is no longer news that insurance penetration in Nigeria is below one per cent and this is due to the obvious fact
that the greater part of the population have refused to accept insurance as a risk transfer mechanism.