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Reps fault bank mergers

The Chairman of the House of Representatives committee on Capital Market and Institutions, Hon. Herman Hembe has disclosed that his committee will investigate the on going recapitalization of the eight rescued banks in the country, saying that from reports received so far, there are indications that the process has been largely flawed and the laws, rules and procedures guiding the exercise have not been followed.

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INDEPENDENCE DAY CELEBRATION: Security forces flood Abuja

With 24 hours to Nigeria’s 51st Independence anniversary celebrations, the Federal Government is taking no chances on the security threat posed by Boko Haram sect and Movement for the Emancipation of Niger Delta, MEND, as the Nigeria Airforce and the Nigeria Police have deployed helicopters to commence air patrols of the Federal Capital Territory while night patrol by the Army, Navy, Airforce and Mobile Police personnel in the city is now round the clock.

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BOKO HARAM: FG panel calls for Amnesty

THE Presidential Committee on Security Challenges in the North-East Zone, which was set up following the bomb attacks by the Islamic sect, Boko Haram, yesterday submitted its final report, asking President Goodluck Jonathan to consider the grant of amnesty to members of the sect wishing to surrender their arms to the Federal government.

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