The Ekiti State chapter of the All Progressives Congress has accused Governor Ayo Fayose of complicity in the fuel supply crisis in the state. In a statement by its Ekiti state Publicity Secretary, Taiwo Olatunbosun, the party said it was in possession of “incontrovertible evidence” that the governor was contributing to the scarcity of fuel […]
Continue ReadingPresident Buhari has returned the 2016 budget to the National Assembly, noting areas of concern in the document and demanding adjustment. Abdurazaq Namdas (APC-Adamawa State), who spoke on behalf of the House of Representatives confirmed this on Thursday. “I can confirm to you that we are in possession of the letter from the president identifying […]
Continue ReadingThe managements of the Federal Airports Authority of Nigeria (FAAN), the Nigerian Airspace Management Agency (NAMA) and the Arik Air Group have been given two weeks within which to resolve all issues relating to indebtedness between the respective organizations. Minister of State for Aviation, Senator Hadi Sirika who gave the directive at a meeting with […]
Continue ReadingThe Senate President, Bukola Saraki who is on trial at the Code Conduct Tribunal for false asset declaration has a new case to answer before the court. As reported by Punch newspaper, two new counts have been filed against Saraki at the CCT. One of the two charges came from the testimony of the star […]
Continue ReadingGuaranty Trust Bank plc has released its unaudited financial results for the first quarter ended March 31, 2016 to the Nigerian and London Stock Exchanges. A review of the 1Q 2016 result shows that the Bank continued to consolidate on its position as one of the most profitable and well managed financial institutions in Nigeria, […]
Continue ReadingPan Africa financial services group, United Bank for Africa Plc has announced its unaudited results for the first quarter of 2016 showing gross earnings of N74 billion and profit before tax of N18 billion for the three months ended March 2016. The Group sustained its strong profitability, recording an annualized 20% return on average equity […]
Continue ReadingTop of the agenda, as President Muhammadu Buhari presides over a meeting of the Federal Executive Council, is a decision on the 2016 budget. The meeting started at exactly 11am inside the Council Chambers of the Presidential Villa, Abuja.Vice-President Yemi Osinbajo; Secretary to the Government of the Federation, Babachir Lawal; and the ministers are in […]
Continue ReadingThe Economic and Financial Crimes Commission has arrested Nelly Mayshak, the suspended Director-General of the Pension Transitional Arrangement Directorate, and three others, Yoab Youssoufou, Patricia Iyogun, and Ruth Imonikhe for a N2.5bn fraud.PTAD is an independent pension agency established in August 2013 to oversee the management of pensions under the Defined Benefit Scheme for pensioners not […]
Continue ReadingIn a fresh statement, the Economic and Financial Crimes Commission has responded to the story making waves in print and online media, wherein details of the decoration of the Deputy Senate President, Ike Ekweremadu was decorated as “Anti-Corruption Ambassador”. FULL STATEMENT The attention of the Economic and Financial Crimes Commission, EFCC, has been drawn to […]
Continue ReadingThe Senate Tuesday made it categorically clear, that the proposed amendment of the Code of Conduct Bureau and Tribunal Act, will under no circumstances affect the on-going case of its president, Bukola Saraki, before the tribunal.In a statement by Chairman of the Committee on Media and Public Affairs, Aliyu Sabi, the Senate stated that many […]
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