Senate probes mismanagement of N328bn N-Delta Amnesty Fund

THE Senate has begun probe into how a total of N328 billion that was budgeted for the running of the Amnesty Programme since 2009 was spent, just as it vowed to thoroughly look into the books and sanction those who may have been found to have embezzled the money.
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Mother of all concerts for KSA @ 70

King Sunny Ade again! After celebrating a high class 70th birthday that saw who is who in Nigeria in attendance late last month, the juju singer is hooking up with the guitar again in a spectacular concert meant to celebrate his friends, and make his fans and well wishers shuffle their feet to his usual juju dance.

Reps cry foul over use of N270m to clear grass at IDPs camps

House of Representatives committee investigating alleged diversion of funds and materials meant for Internally Displaced Persons (IDPS), especially the alleged use of N270m just to clear grass by the office of the Secretary to Government of the Federation (SGF) said it was being frustrated by the refusal of the SGF, Mr Babachir Lawal to appear before it.

FG to float new agric-focused bank

THE Federal Government, Thursday, stated that it is planning an agriculture-focused financial institution that would be owned by both the Federal Government, farmers and other stakeholders in the agricultural sector.

Court orders AMCON to pay N26.5 bn to Capital Oil

The Federal High Court, Abuja, on Thursday ordered the Asset Management Corporation of Nigeria (AMCON) to pay Capital Oil and Gas Industry Limited N26.5 billion as contained in a consent judgment delivered in 2013.

2019, PDP woes, cause of APC crisis – Dalung

The Minister of Sport and Youth Development, Mr Solomon Dalung, said the seeming crisis in the ruling All Progressives Congress (APC) may not be unconnected with 2019 elections. Dalung said this on Thursday in Abuja while briefing newsmen after visiting the party’s National Chairman, Chief John Odigie-Oyegun, at the secretariat.

IMF introduces zero interest rates for low income countries

As prospects for growth in low income countries become more challenging, the International Monetary Fund (IMF), has introduced zero interest rates on all its concessional facilities until 2018. The Managing Director, IMF, Ms Christine Lagarde, disclosed this on Thursday at the ongoing IMF/ World Bank 2016 General Meeting in Washington D.C.

PHOTOS: Atiku hits gym in preparation for Arsenal transfer

Former Vice President, Atiku Abubakar thrilled Nigerians on Wednesday after he posted photos of himself in a private gym on social media, which he described as a step he is taking ahead of his transfer to Arsenal in January.

Stakeholders insist CPA working for indicted, unscrupulous individuals

STAKEHOLDERS in the nation’s Pension Industry, have reiterated earlier calls on Nigerians, especially contributors to the Contributory Pension Scheme, CPS, to be wary of faceless groups working for and with vested interest bent on destroying the gains of the scheme and its regulator; National Pension Commission, PenCom.

PenCom seeks robust pension, social security for old age income

NATIONAL Pension Commission, PenCom, has called for the development of a robust pension and social security system to cater for old age to address the fallout of aging population that will emerge from the projected population explosion in Africa in the nearest future.

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