LAGOS — SACKED Managing Director and Chief Executive Officer of Bank PHB Plc, Mr. Francis Atuche and an Executive Director of the bank, Mr. Charles Ojo, also sacked former Managing Director of Spring Bank Plc, were yesterday arraigned before a Federal High Court sitting in Lagos, on a 26-count charge bordering on reckless granting of credit facilities without adequate collateral; granting facilities above their approval limits; concealment and fraud totaling N79 billion.

By Samuel Oyadongha Yenagoa—Four persons involved in crude oil theft have been arrested by the Joint Task Force in the creek of Bayelsa State. Recovered from the suspects were 25,000 litres of stolen crude oil, three giant wooden boats, three Yamaha outboard engines and hose pipes. The suspects, who hailed from Delta and Bayelsa states, […]

LAGOS — FORMER Chairman of the Nigerian Ports Authority, NPA, Chief Bode George and five other former members of the board of the authority who were convicted, Monday, by an Ikeja High Court, yesterday filed their notice of appeals challenging their convictions.

By Anayo Okoli Umuahia—SCARCITY of petrol has brought economic and social activities in Umuahia, the capital city of Abia State to a complete halt. Except at the NNPC Mega station, located on the outskirts of Umuahia, all the petrol stations in the town did not sale fuel yesterday. Even at the NNPC station, the situation […]

THE Appeal Court in Benin has fixed March 9, 2010 for the hearing on the appeal filed by the African Timber and Plywood (AT&P), a subsidiary of UAC, against the judgment in favour of the Ogodo family of Sapele in its land case with the firm.