The Governor of Central Bank of Nigeria, Mallam Lamido Sanusi, on Tuesday raised the alarm over the nation’s rising debt profile and warned that the development, if left unchecked, would result into hardship for Nigerians. Sanusi, at the the Honorary International Investment Council conference in London, argued that if the existing level of borrowing from […]
DECEMBER 26, 2012 BY TEMITAYO FAMUTIMI 44 COMMENTS President Goodluck Jonathan | credits: File copy President Goodluck Jonathan came under criticism from his Facebook friends on Tuesday after he posted his Christmas message on the social networking site. The President in the message said he “personally” instructed government officials to make conditions favourable for Nigerians […]
VICE President Namadi Sambo Monday washed its hand off the controversy over the huge amount being spent on the official residence of the Vice President. Sambo, in a statement by his spokesman, Umar Sani, said the concept and choice of a residential accommodation was purely by the professionals in the Federal Capital Territory (FCT) administration. […]
The Nigerian National Petroleum Corporation will spend N152bn on the repair of three of the nation’s refineries in 2013. The amount is contained in the budget document submitted to the National Assembly Joint Committee on Petroleum (Downstream) last week. Details of the budget show that the total maintenance cost for the Port Harcourt Refinery by […]
THE Oyo and Osun state governments have been urged to harmonise efforts and jointly re-open the case file of the slain former Attorney General (AG) and Minister of Justice, the late Chief Bola Ige, so that those who assassinated him on December 23, 2001 could be fished out and brought to book. Former president of […]
THE manner and place of arrest of the ailing chairman of Bi-Courtney Limited, Dr Wale Babalakin by the Economic and Financial Crimes Commission (EFCC), on Monday, are attracting controversies. The commission charged him for laundering N3.4 billion for the jailed former Delta State governor, James Ibori. While it was tagged an abduction from the Lagos […]
THE United States has said beginning from 2013, its army brigade will dispatch small army teams to 35 African nations, as part of its plan to check the rising terror threats from al-Qaeda-linked groups in Africa, particularly with the rise of the extremist Islamist sect, Boko Haram, in Nigeria. According to a report the CBS […]
FORMER governor of Rivers State, Dr Peter Odili, has given an account of how former chairman of the Economic and Financial Crimes Commission (EFCC), Malam Nuhu Ribadu stopped him and the incumbent governor of Rivers State, Rotimi Amaechi from contesting the 2007 presidential election. Odili, in his autobiography due to be released in two weeks […]
Authorities of the Nigerian Army have retired several senior officers of the service. SUNDAY PUNCH’s investigation on Saturday evening showed that the exercise affected mostly generals, colonels and other middle level officers. The retirement came in the wake of the approval of 150 top officers for promotion by the Army Council on Tuesday. The Director […]
By Lekan Bilesanmi The Independent Corrupt Practices and Other Related Offences Commission, ICPC, has ordered Ministries, Departments And Agencies (MDAs) to return all unspent balances on personnel votes to the Sub-Treasury of the Federation not later than Monday, December 31, 2012, or face the law. A release by the Commission’s chairman, Mr. Ekpo Nta, also […]
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