FG protests Cameroon’s harassment of Nigerians in Bakassi

Nigeria, on Thursday, protested the harassment of its citizens living in the Bakassi Peninsula by Cameroon. The oil rich peninsula, formerly in the Nigerian territory, was ceded to the neighbouring Cameroon by the former President Olusegun Obasanjo’s government in respect of a 2002 International Court of Justice’s verdict. The Minister of Justice and the Attorney-General […]

New revenue formula unlikely now –RMAFC

The Revenue Mobilisation, Allocation and Fiscal Commission has said it has no plan to review the revenue formula in the nearest future. The RMAFC spokesman, Mr. Ibrahim Mohammed, said the Commission could not come out with a new revenue sharing formula for the federal, states and the local government councils because of “inadequate funding”. Mohammed […]

EFCC seeks Switzerland’s help in fuel subsidy probe

DECEMBER 11, 2012 BY AGENCY REPORTER 1 COMMENT EFCC Boss, IBRAHIM LAMORDE | credits: File The Economic and Financial Crimes Commission has sought Switzerland’s help in its investigation of a multi-billion dollar fuel subsidy scam, after some Swiss oil trading houses refused to cooperate with the authorities in Abuja, Nigerian officials have said. Reuters reported […]

INEC may deregister 25 more parties

BARELY 72 hours after 28 political parties had their names deleted  from the register of  the Independent National Electoral Commission, indications emerged on Sunday  that 24 more political parties might cease to exist  before the 2015 general elections. The PUNCH learnt that INEC  had  decided  that only 11 political parties  would participate  in the 2015 […]

ACN, ANPP, CPC to form new party in 2013

December 10, 2012 by Olusola Fabiy Buhari, Tinubu and Onu | credits: THREE  major opposition political parties   –  Action Congress of Nigeria, Congress for Progressive Change and the All Nigeria Peoples Party  – may drop their identities by April 2013, when talks  on  their proposed merger are expected to be completed. The merger of the […]

Nigeria is seventh most terrorised country – Gobal index

Institute for Economic and Peace, a global think-tank, has ranked Nigeria as the seventh country most affected by terrorism in 2011. The organisation’s first Global Terrorism Index meant to measure the impact of terrorism and the associated economic and social dimensions, was published last Tuesday. The index showed Nigeria ranking marginally better than Somalia (the […]

Okonjo-Iweala’s absence stalls N20bn Uba, Maduka dispute probe

The bid by the House of Representatives to investigate the N20bn fuel subsidy dispute between the Chairman of Capital Oil and Gas Limited, Mr. Ifeanyi Uba, and a fellow businessman, Mr. Cosmas Maduka, failed on Thursday. Two major reasons stalled proceedings a few minutes after the Chairman, House Committee on Public Petitions, Mr. Uzo Azubuike, […]

INEC deregisters 28 parties • Jakande, Falae, Okotie, Nwodo, others affected

THE Independent National Electoral Commission on Thursday announced the deregistration of 28 political parties thus sending their promoters off the political stage as the march towards the 2015 general elections gathers momentum. Affected by the deregistration are Pastor Chris Okotie’s Fresh Democratic Party; Balarabe Musa’s Peoples Redemption Party; and the National Reformation Party, founded by […]

North’s joker for 2015 presidency

Gowon seeks Electoral College as Atiku, Shekarau, others shop for credible candidate From NOAH EBIJE and ABDULGAFAR ALABELEWE, Kaduna Prominent Northern leaders, including former Head of State, General Yakubu Gowon, former Vice President Atiku Abubakar, 2011 governorship candidate for Kaduna State Action Congress of Nigeria (ACN), Bashir Bugaje, and former Governor of Kano State, Ibrahim […]

EFCC arrests Babalakin on hospital bed

The Economic and Financial Crimes Commission (EFCC) has detained the Chairman of Bi-Courtney Limited, Dr. Wale Babalakin, since Tuesday evening in defiance of the order of a Federal High Court, which restrained the anti graft agency from going ahead with his arraignment and trial. Sources at the Lagos University Teaching Hospital (LUTH), Idi-Araba, Lagos disclosed […]

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