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Abacha $322m Loot: Reps step down bill

Abacha $322m Loot: Reps step down bill

THE House of Representatives, yesterday, stepped down a Bill seeking to convert the Federal Government’s share of the $322million recovered loot of former military Head of State, late Gen. Sani Abacha to complete Ajaokuta Steel Company and a rail line linking Ajaokuta from Lagos, Enugu  and  Port Harcourt.

Tension in Imo over deputy gov’s impeachment

Tension in Imo over deputy gov’s impeachment

OWERRI—TENSION, yesterday, soared over the impeachment process against Imo State Deputy Governor, Eze Madumere, as a committee set up by the State House of Assembly to investigate the allegations levelled against him summitted its report and was adopted by the House. 

2 military officers forfeit N200m stashed in banks to FG

2 military officers forfeit N200m stashed in banks to FG

A Federal High Court sitting in Lagos, yesterday, ordered that N200 million warehoused in some commercial banks by two military officers and their three companies, be temporarily forfeited to the Federal Government, pending the outcome of investigation.

Naira appreciates to N361.87/$

Naira appreciates to N361.87/$

THE Naira yesterday appreciated slightly by four kobo to N361.87 per dollar in the Investors and Exporters (I&E) window.

Customs intercepts 393 live ammunition, others

Customs intercepts 393 live ammunition, others

The Tin-Can Island Command of the Nigeria Customs Service, NCS, has intercepted about 393 rounds of live ammunition, expanded empty shells and magazines as well as jack knives concealed in containers and a vehicle on Monday and Tuesday.

Burden of a government spokesman

Burden of a government spokesman

THE massacre three  weeks ago of over 200 Plateau State residents, many of them women and children, elicited diverse responses from within and outside the country. Both the executive and legislative arms of government also weighed in.

Ekiti: Why Policemen tear-gassed Fayose, PDP supporters

Ekiti: Why Policemen tear-gassed Fayose, PDP supporters

The campaign for Saturday’s  governorship elections in Ekiti State took a dramatic turn yesterday as security operatives who blocked the entrance to Government House, Ado-Ekiti, also fired tear-gas at the governor and his supporters.

Dangote, Africa’s richest man, needs a wife but…

Dangote, Africa’s richest man, needs a wife but…

Speaking with David Piling in a Financial Times interview, “Lunch with FT,” monitored by The Cable, the multi-billionaire, who is Africa’s richest man, revealed a soft side of himself and talked tall about his ambitions to buy Arsenal Football Club after successfully leading Nigeria’s oil refining revolution.