The Federal Government has voted N12 billion to complete the Second Niger Bridge, which is captured in the 2013 budget of the Subsidy Re-Investment Programme (SURE-P). But the National Assembly Joint Committee on Petroleum Resources (Downstream) wanted the SURE-P scrapped. Senators and members of the House of Representatives argued that establishment of SURE-P was a […]
From IKENNA EMEWU and MOLLY KILETE, Abuja Less than 48 hours after the embarrassing attack and release of Boko Haram detainees allegedly by their members, information has continued to turn in that there must have been an insider job in the act. Sources within and outside the police formation who spoke in anger but would […]
By MONICA IHEAKAM at Teslim Balogun stadium Barely two days after the commencement of the 18th National Sports Festival, Rivers State is already blazing the trail with 3 gold medals and 1 silver as Oyo State in the second place with 1 gold, 2 silver medals. Delta state is third on the table as at […]
From Geoffrey Anyanwu, Awka Following the unabated attacks on churches by Boko Haram, the Christian Association of Nigeria (CAN) yesterday said it was considering approaching the International Criminal Court (ICC) to press charges against the Islamist sect for crimes committed against Christians. Disclosing CAN’s plan at the opening of its National Executive Council (NEC) meeting […]
UNITED States of America (USA) lost about $50.4 million to various forms of scam including the popularly called “419” (Advanced Free Fraud) from Nigeria in 2011. US Consulate in Nigeria, Michael Bonner, who disclosed this in Lagos at a workshop on “the dynamics of cashless economy and emerging methods in financial crime for investigators and […]
From ISAAC ANUMIHE, Abuja The Nigeria Deposit Insurance Corporation (NDIC) yesterday revealed that there are only five sound banks in the country, even as it stated there are no unsound banks. Whereas 13 of the banks are satisfactory, two of them are just marginal, says the deposit insurer. In its 2011 Annual Report and Statements […]
The Action Congress of Nigeria says the statement credited to the People Democratic Party Chairman, Bamanga Tukur, that the PDP is not a security agency and should not be blamed for the insecurity in the country, is an indication of the party’s cluelessness over the worsening insecurity in the land. In a statement in Lagos […]
The banking sector recorded N28.4bn cases of fraud and forgeries last year, a report by the Nigerian Deposit Insurance Corporation has revealed. The amount contained in the 2011 annual report and statements of accounts of the NDIC, represents an increase of 33.4 per cent over the N21.29bn recorded in 2010. The report was obtained by […]
Former WBC heavyweight Oleg Maskaev (36-7, 27KOs) could return on December 17th in Moscow, according to well known Russian promoter Vladimir Hyrunov. Maskaev, inactive for over three years, would be part of the card that features WBA cruiserweight champion Denis Lebedev fighting Colombian Santander Silgado. If Maskaev is finalised, there are two possible opponents – […]
The Presidency on Wednesday denied knowledge of any rift between the Minister of Finance, Dr. Ngozi Okonjo-Iweala, and the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, over unpaid petroleum subsidy claims. There were reports that there was a disagreement between the two ministers over unpaid subsidy totalling N1.13trn which Okonjo-Iweala refused to pay. A delegation […]
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