April 18, 2012 by Ademola Babalola and Tayo Famutimi with agency report AFTER years of running, the long hands of justice caught up with the former governor of Delta State, James Onanefe Ibori, on Tuesday. The Southwark Crown Court in London United Kingdom sentenced Ibori to 13 years’ imprisonment for fraud and corruption offences. Our […]
The Executive Directors of the World Bank on Monday selected American nominee, Dr. Jim Yong Kim, as the new president of the institution. This ends weeks of speculation after Nigeria’s Minister of Finance, Dr. Ngozi Okonjo-Iweala, and former Colombian Finance Minister Jose Ocampo, slugged it out with Kim. Ocampo pulled out of the race on […]
A London Court is set to sentence former Delta State governor, James Ibori, today. The beleagured ex-governor who pleaded guilty to 10 counts of fraud and money laundering charges to the tune of $250 million could face up to 10 years in jail, reports say. James Ibori James Ibori appeared at the Southwark Crown Court […]
JOHANNESBURG — South Africa’s finance minister, appearing braced for disappointment when the World Bank chooses a new leader later Monday, said he’ll push for more international financial institution reforms. Pravin Gordhan spoke to reporters in Johannesburg hours before the World Bank’s executive board is expected to vote on its president. The two candidates are Nigerian […]
By Raheem ‘MOSHOESHOE’ Oluwafunminiyi | Ibadan, Nigeria | April 15, 2012 | The news surrounding Mrs. Okonjo Iweala, Nigeria’s Finance Minister and Coordinating Minister of the Economy (one wonders if these two portfolio are not the same) and her endorsement by many to head the World Bank position has continued to generate comments both within […]
LAGOS (AFP) – Nigeria’s militant group MEND threatened Saturday to attack South Africa’s investments, including telecoms firm MTN, in the Niger Delta, because of the terror trial of its leader in Johannesburg. “Our decision to attack South African investments in the Niger Delta is directly related to the conduct of President (Jacob) Zuma regarding the […]
Thousands of Malawians waited as a South African military aircraft touched down at Kamuzu International Airport (AFP, Jacoline Prinsloo) LILONGWE, Malawi — A sombre mood fell over Malawi as truckloads of people welcomed the remains of late president Bingu wa Mutharika, flown back from South Africa Saturday following a fatal heart attack. Thousands of Malawians […]
April 14, 2012 by John Alechenu and Olalekan Adetayo President Goodluck Jonathan has condemned and rejected the ongoing attempt by a segment of the military in Guinea-Bissau to subvert the country’s constitution and truncate its democratic process. The process has been initiated for the election of a legal successor to the late President Malam Bacai […]
Ministers of the ECOWAS Mediation and Security Council are to meet in Abidjan, Cote d’Ivoire today – in attempt to end the political crisis in Mali and Guinea Bissau. The sub-regional body said in a statement on Wednesday that the meeting would review various proposals for resolving the political crises in both countries. Members of […]
Cape Town — Malawi’s Vice-President Joyce Banda made a bid to take control of the country on Saturday, announcing the death of President Bingu wa Mutharika and calling a Cabinet meeting. Malawi media reported that the Office of the President and Cabinet issued a statement officially confirming Mutharika’s death, declaring 10 days’ mourning and saying […]
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