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N34bn fraud: EFCC slams 40-counts charge against Tompolo, Akpobolokemi, others

N34bn fraud: EFCC slams 40-counts charge against Tompolo, Akpobolokemi, others

The Economic and Financial Crimes Commission has moved to recover a whooping sum of N34 billion allegedly stolen by an ex-militant leader, High Chief Government Ekpemupolo (aka Tompolo), and the former Director General of the Nigerian Maritime Administration and Safety Agency, Dr. Patrick Akpobolokemi and nine others.

Ribery looking forward to Ancelotti arrival

Ribery looking forward to Ancelotti arrival

Bayern Munich winger Franck Ribery on Wednesday welcomed the appointment of Carlo Ancelotti as the successor to Pep Guardiola as coach of the Bundesliga giants next season.

Traditional stool tears Anambra community apart

Traditional stool tears Anambra community apart

Awka- TENSION is mounting in the sleepy Oraukwu community in Idemili North local government area of Anambra State following crisis that erupted in the area over the selection of the traditional ruler for the town. Since the demise of the former traditional ruler of the community five years ago, it had been difficult for the king makers to agree on the modality to the selection of the replacement for the late monarch.

Naira depreciates further to N295 to dollar at parallel market

Naira depreciates further to N295 to dollar at parallel market

The naira exchange rate was, however, stable at N197 to the dollar at the official market on Wednesday. The naira has depreciated steadily since Monday when the apex bank stopped the weekly sale of foreign exchange to Bureau de Change operators in the bid to sanitise the market.

FG approves request by Lagos state to borrow $200m from World Bank

FG approves request by Lagos state to borrow $200m from World Bank

ABUJA–Federal government on Wednesday gave nod to the request by the Lagos State government to borrow additional $200 million from the World Bank to finance its massive social infrastructures. The approval was one singular item that dominated the meeting of the Federal Executive Council, FEC, held at the presidential villa, Abuja.