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 […]
July 26, 2012 by Fidelis Soriwei, Abuja The Director of the State Security Service in charge of the Federal Capital Territory, Abuja, Mr. Little Okojie, has alleged that some communities are shielding members of Boko Haram from security operatives. Okojie said the security threat posed by the sect had become seemingly intractable because of the […]
July 25, 2012 by Ademola Alawiye The mystery surrounding the alleged illegal Nigerian National Petroleum Corporation account with JP Morgan was finally cleared on Tuesday by the Minister of Finance and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala. She said at a dialogue organised by the Nigerian Economic Summit Group and the Organised Private […]
Men of the Nigeria Police have been named the number one bribe-taking public officials in Nigeria. A report presented by the CLEEN Foundation in Abuja on Tuesday also said corruption was on the increase in the country. The report, which was presented by the Head of Foundation, Mr. Innocent Chukwuma, said apart from the Police, […]
A Federal High Court in Abuja on Tuesday granted an interim order forfeiting to the Federal Government $15m said to have been received by the Economic and Financial Crimes Commission from an undisclosed agent of former Delta State Governor James Ibori in 2007 as a bribe to compromise its investigation. The money has been kept […]
By EMMA AMAIZE, Regional Editor, South-South CHAIRMAN of Kou Cluster Development Board, CDB, comprising Agge, Agge Palm Bush, Amazor, Azamabiri, Ogbeintu and Oroibiri in Bayelsa State, Austin Igbapike Esq, who is also a lawyer, representing some of the affected communities spoke to Vanguard on the plight of the communities and management of the Bonga spill […]
July 24, 2012 by Everest Amaefule and Fidelis Soriwei 141 Comments The Federal Government on Monday deployed more troops in the headquarters of the Power Holding Company of Nigeria, Abuja. It warned that the soldiers would remain on the premises if the threat by the workers continued. Soldiers and policemen were on Friday deployed in […]
July 24, 2012 by Friday Olokor, Abuja Vice President of the Arewa Consultative Forum, Senator Joseph Waku, has described the defence of the President of the Christian Association of Nigeria, Pastor Ayo Oritsejafor, by the Middle Belt Youth Forum as “irresponsible.” In his reaction to criticisms from the Forum on Monday, on his comments against […]
Senator Mohammed Aliyu Ndume Tobi Soniyi A Federal High Court in Abuja will on July 24 decide whether to release the international passport of Senator Mohammed Aliyu Ndume who is standing trial for alleged terrorism financing to him to enable travel abroad. Ndume had yesterday resumed efforts to retrieve his international passport from the custody […]
• Some Nysc Corps members Lawyers say no to postings of members by the National Youth Service Corps (NYSC) to hot spots in the north. They fault the government on moral and legal grounds and suggest a reversal of the state’s position. John Austin Unachukwu, Adebisi Onanuga, Eric Ikhilae and Precious Igbonwelundu report. Can a […]
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