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$400b oil money mismanaged by govt., says Ezekwesili

Posted by admin Latest Politics, Oil Politics Tuesday, August 28th, 2012

Former World Bank Vice President for Africa, Dr. Oby Ezekwesili yesterday said about $400 billion of Nigeria’s oil revenue has been stolen or mismanaged since independence in 1960. Presenting a paper entitled “Corruption, National Development, The Bar and The Judiciary” at the ongoing 52nd Annual General Conference of the Nigerian Bar Association (NBA), she said […]

Relocate us before demolishing our homes – Lagos community

Posted by admin Headlines, Lagos, State News Tuesday, August 28th, 2012

Residents of Okobaba, a community in Ebute Meta, Lagos State, have appealed to the state government to relocate them before embarking on the demolition of the area. PUNCH Metro learnt that the state government had during the administration of Bola Tinubu resolved to re-develop the area in line with the Lagos Mega City project. […]

Railway modernisation: FG, Chinese firm seal $1.48bn pact

Posted by admin Africa & World Politics, Headlines Tuesday, August 28th, 2012

The Federal Government on Tuesday signed a $1.487bn (N234.95bn) agreement with a Chinese company, CCECC Nigeria Limited, for the modernisation of the first phase of the Lagos-Kano rail line. Specifically, the contract is for the modernisation of the Lagos to Ibadan standard gauge rail double track, covering a distance of 156.65 kilometres. The signing of […]

N5000: CBN dismisses inflation fears

Posted by admin CBN (Central Bank of Nigeria), Latest Politics Tuesday, August 28th, 2012

The Central Bank of Nigeria on Tuesday dismissed fears that the planned introduction of N5000 note could engender inflation. The apex bank said the fears expressed by Nigerians, including economists and finance experts, had no basis in economics. It threw a challenge to economists against the move to make public, any theory that opposes higher […]

15 killed in Kano floods

Posted by admin Headlines, Kano, State News Tuesday, August 28th, 2012

Fifteen persons have been confirmed dead in floods which also destroyed property estimated of N120m in Kano State on Tuesday, the News Agency of Nigeria reports. The state Rehabilitation and Emergency Relief Agency, which confirmed the deaths, added that over 2,000 persons were displaced. Director of Operations at the agency, Alhaji Shehu Maitama, told the […]

I achieved all my targets as President – Obasanjo

Posted by admin Olusegun Obasanjo (1976-79, 99-07), Presidency Tuesday, August 28th, 2012

Former President Olusegun Obasanjo has scored his administration high, saying he achieved all that he set out to do as President between 1999 and 2007. Obasanjo said this in Lagos on Tuesday after delivering a lecture titled, ‘Leadership foundation and underpinning’ as the guest speaker at the forum of the Nigeria Leadership Initiative. He said […]

Police parade Ogun pastor over human skull

Posted by admin Headlines, Ogun, State News Tuesday, August 28th, 2012

The police in Ogun on Tuesday paraded Pastor Michael Oyewole (29) and Mathew Akiode (30) at the command’s headquarters Eleweran, for allegedly exhuming human skull in Sabo, Abeokuta. The state Commissioner of Police, Ikemefuna Okoye, told journalists that Akiode was caught committing the offence in the midnight. Okoye added that after Akiode’s arrest, the suspect […]

Drastic measures needed to tackle corruption, by Lamorde

Posted by admin EFCC Politics, Latest Politics Tuesday, August 28th, 2012

By INNOCENT ANABA ABUJA — Chairman of Economic and Financial Crimes Commission, EFCC, Mr Ibrahim Lamorde, argued, yesterday, that drastic measures were needed to check corruption in the country. Speaking at the Annual General Conference of the Nigerian Bar Association, NBA, in Abuja, Lamorde said that corruption had eaten deep into the society’s fabric. He […]

Jonathan sacks Barth Nnaji, Power Minister, for monumental corruption

Posted by admin General Politics, Latest Politics, Top Stories Tuesday, August 28th, 2012

By Clara Nwchukwu & Victor Ahiuma-Young LAGOS— Minister of Power, Prof. Barth Nnaji was, yesterday, relieved of his job following the acceptance of his resignation, with immediate effect, by President Goodluck Ebele Jonathan. In a two-paragraph statement from Presidential media aide, Dr. Reuben Abati, the president thanked “Prof. Nnaji for his services to the nation […]

Pharmacists, two others arraigned for Cynthia’s murder •To be buried Sept 7

Posted by admin Headlines Monday, August 27th, 2012

A Yaba Chief Magistrate’s Court, Lagos, was filled to capacity on Monday as the police arraigned four suspects for the murder of Cynthia Osokogu, daughter of Maj-Gen Frank Osukogu (retd.), on July 22, 2012. The accused – Okwumo Nwabufo (33), Ezike Olisaeloka (23), Orji Osita (32) and Maduakor Chukwunonso (25) – were charged with eight […]