Why we froze Osun govt bank accounts – EFCC
The Economic and Financial Crimes Commission, EFCC, on Wednesday night defended its decision to freeze the Osun State Government's bank accounts, insisting the action was aimed at stopping the alleged diversion of about N11 billion in public funds under investigation and was not connected with the state's forthcoming governorship election.
N-Delta: FG’s revenue losses rise
*JV operations crippled, projects suspended *MEND says amnesty is for criminals *Henry Okah in high spirits, awaits release *Clark asks Tompolo to accept amnesty By Taye Obateru, Emma Amaize, Hector Igbikiowubo & Yemie Adeoye LAGOS — THE Federal Government and multinational oil companies’ revenue losses owing to the spate of sabotage of crude oil pipelines […]
Nigeria won’t improve under PDP — MAKINDE
By Demola Akinyemi Ilorin — THE Prelate of the Methodist Church of Nigeria, Dr. Sunday Ola Makinde, yesterday, in Ilorin raised an alarm that Nigeria would continue to be in darkness of poverty, corruption, armed robbery and other vices of underdevelopment as long as the Peoples Democratic Party rules the country.
FG approves N400m for rehabilitation of barracks
Jos — The Federal Government has approved N400 million for the rehabilitation of some barracks across the country in the 2009 budget. Chairman, Presidential Committee on Barracks Rehabilitation (PCBR), Alhaji Sani Gidado, disclosed this while on an inspection of Maxwell Khobe Barracks, 3 Armoured Division, Jos yesterday. Gidado said the committee had some money from […]
CBN orders banks to cut govt loans to 10%
By Omoh Gabriel, Business Editor LAGOS — THE Central Bank (CBN) on Friday instructed banks in the country to limit loans to the public sector to 10 per cent of their overall credit portfolios, an apparent effort to divert more funds to the private sector. In a circular to banks, the CBN said where the […]
Militants hijack speedboat with 20 Itsekiri
By Emma Arubi WARRI—Ijaw militants in the creeks weekend hijacked a speedboat conveying about twenty Itsekiri passengers from Escravos to Warri. The incident which took place around the Burutu river is said to be causing ripples between both ethnic groups that have been enjoying cordial relationship since the end of the seven years Warri crisis […]
