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Slow budget implementation: Presidency shifts blame to N-Assembly

By Ben Agande Abuja — The Presidency, yesterday, shifted the blame for the slow implementation of the 2012 budget to the doorstep of the National Assembly, saying the insertion of constituency projects by the legislature into the original copy of the budget has significantly altered the budget. Minister of Finance, Dr Ngozi Okonjo-Iweala, who addressed […]

20 houses burnt over youth’s death in Rivers

BY JIMITOTA ONOYUME PORT HARCOURT –  NO fewer than 20 houses, were, yesterday, set ablaze in Omudioga community, Emohua Local Government Area of Rivers State, when irate youths reportedly went berserk over the death of a youth, who was simply identified as Benjamin. Details at press time were hazy but community sources said the rampaging […]

Airline operators petition Aviation Minister over 15-yr age limit for aircraft (Cutting corners again?)

By Kenneth Ehigiator LAGOS—Airline Operators of Nigeria, AON, has petitioned the Aviation Minister, Princess Stella Oduah, over the recent 15-year age limit set for aircraft operating in the country. It also urged the minister to suspend the continued grounding of Dana Airlines, ADC, Sosoliso and Bellview Airlines to enable them resume flight operations. The group’s […]

Presidency after me – Gbajabiamila

By Okey Ndiribe & Emman Ovuakporie ABUJA—The controversy generated by the impeachment motion against President Goodluck Jonathan last week took a new twist, yesterday, as a member of the House of Representatives, Mr. Femi Gbajabiamilla, who presented the motion, accused the Presidency of circulating misleading reports in the media to tarnish his reputation. However, he […]

FG sacks Nigerian Ports Authority MD

President Goodluck Jonathan on Wednesday relieved the Managing Director of the Nigerian Ports Authority, Mr. Omar Suleiman, of his appointment. The decision was contained in a statement made available to journalists by the Special Adviser to the President on Media and Publicity, Dr. Reuben Abati. No reason was given for the sacking of the former […]

Lagos: Man burnt to death inside abandoned vehicle

Tragedy struck on Raufu Alajo Street, Agege, Lagos, on Wednesday when a 19-year-old bus conductor, Sulaimon Balla, was burnt to death in an abandoned mini bus. PUNCH Metro learnt that Balla slept in the bus which had been abandoned on the street for weeks on Tuesday night. It was gathered that street urchins in the […]

Age limit to increase aircraft leasing cost by 83% (So be it)

The Federal Government’s plan to reduce the minimum age of aircraft operating in Nigeria from 18 to 15 years will force airlines to pay 83 per cent more on leased planes, the Chief Executive Officer, Aerocontractors Airlines, Captain Akin George, has said. George told journalists at a news conference on Wednesday that the new age […]

Olympics: Second dope test rules Nigerian athletes out of London

The mandatory second test carried out on three alleged drug-tainted Nigerian athletes in Surrey, United Kingdom, has confirmed two of the athletes to have failed the dope test and completely ruled out of the 2012 Olympics. Vivian Chikwuemeka, Lauretta Ozoh and Regina George were alleged to have tested positive for banned substance. One of them […]

CBN may ask banks to close foreign subsidiaries

Indications have emerged that some Deposit Money Banks in the country may close their foreign subsidiaries due to inability to meet capital requirements of host regulators. It was gathered that some banks had engaged in capital outflow to meet the recapitalisation of their foreign subsidiaries. The CBN, however, in a circular on Wednesday, signed by […]

Bayelsa Speaker, lawmaker in shouting match over money

Fresh crack emerged among members of the Bayelsa State House of Assembly on Wednesday following an altercation between the Speaker of the House, Mr. Kombowei Benson, and the former Deputy Speaker, Mr. Fini Angaye. The incident occurred three weeks after power-brokers in the Peoples Democratic Party, including President Goodluck Jonathan, intervened in the impeachment saga […]

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