2011: IBB Considers Joining Presidential Race, Says Aide – Thisday
March 1, 2010 by tim · Comments Off
Various interest groups from within and outside the country are mounting pressure on former military president, General Ibrahim Babangida, to contest the 2011 presidential election, an aide to the former army general has said.
FG to concession Sagamu-Benin, Enugu-Onitsha, nine other highways – The Punch
February 1, 2010 by Bunmi Awolusi · Comments Off
The Federal government has begun moves to concession 11 new Federal Highways to the private sector under a Public Private Partnership arrangement.
According to a document on the Federal Government’s proposed PPP on Road Projects, a copy of which was obtained by our correspondent, the projects are located in the South West North West; North Central ; South -South and South East geo-political zones.
Akingbola, ex-directors in fresh trouble over N50b loans, bonuses – The Nation
November 29, 2009 by tim · Comments Off
The ex-Executive Vice-Chairman of Intercontinental Bank, Mr. Erastus Akingbola, and five directors are in fresh trouble following new discovery of about N50billion worth of strange bonuses and loans.
It was also learnt that judges’ vacation is delaying the extradition of Akingbola.
66 -Year- Old Kidnapped Businessman Found Dead – Thisday
A 66 year old business man and a father of four, Nze Jerome Atusiaka, has been found dead and buried in a shallow grave in an uncompleted building one month after his kidnap by unknown gunmen.
Atusiaka who was kidnapped a fortnight ago by a four man gang at Memeh /Convent Street junction in Boji Boji Owa, in Ika North East local government area of Delta State was said to have been trailed from his business premises along Lagos / Asaba road in Ika Metropolis while returning home from work with his family members.
Police Arrest Bank Official, Others Over Alleged N2.8m Fraud – The Guardian
November 28, 2009 by tim · Comments Off
An Operations Manager in a first generation bank in Minna, Niger State (names withheld) and a customer have been arrested for attempting to defraud a firm to the tune of N2.85m.
The manager, it was gathered, ordered the clearance of the cheque despite an alarm raised by the staff of the Suleja branch of the bank, which led to the withdrawal of the money from the company account.
Shareholders desperate to reclaim troubled banks – Vanguard
November 2, 2009 by Bunmi Awolusi · Comments Off
The major shareholders, investors and other stakeholders in the eight troubled banks are making moves to reclaim them, vowing to co-operate with the Central Bank installed managements there.
They also pledged to seek new investors and recapitalise the banks if CBN will accept the proposal.
EFCC Files Fresh Charges Against Elumelu, Owan, Others – Thisday
October 31, 2009 by tim · Comments Off
The Economic and Financial Crimes Commission yesterday filed a fresh 130-count charge against Hon. Godwin Elumelu, Senator Nicholas Ugbane, Hon. Jibo Mohammed and six others at an Abuja High Court, for allegedly defrauding the federal government of N5.2 billion through the Rural Electrification Agency.
Governors seek to control 10% in oil ventures – The Nation
October 22, 2009 by tim · Comments Off
Niger Delta governors are pushing for the President to allow them manage the investment.
But the President is reportedly not favourably disposed to the proposal.
Western oil firms operate in Nigeria through joint ventures with the Nigerian National Petroleum Corporation (NNPC). NNPC holds 55 per cent of the JV with SPDC, 60 percent each of the JV with Chevron Nigeria, Mobil Producing Nigeria, Exxon Mobil, Agip and Total.
Alaibe Named Special Adviser on Niger Delta – Thisday
October 22, 2009 by tim · Comments Off
Former Managing Dir-ector of the Niger Delta Development Comm-ission (NDDC), Mr. Timi Alaibe, has been appointed Special Adviser to President Umaru Musa Yar’Adua on Niger Delta.
His appointment was made public yesterday in a statement by the Presidential Spokesman, Mr. Olusegun Adeniyi.
Govt okays 50% pay rise for university teachers – The Nation
October 22, 2009 by tim · Comments Off
UNIVERSITY teachers won yesterday their long
