News

Central Bank of Nigeria building Real estate and construction firms in the country were able to secure loans totaling N21.89tn in four years, findings by The PUNCH have shown. The sector also contributed N93.14tn to Nigeria’s Gross Domestic Product during the period, according to an analysis of the GDP report …

A former governor of Delta State, James Ibori, has vowed to appeal a United Kingdom (UK) court ruling ordering a confiscation of 101.5 million pounds linked to him. Judge David Tomlinson of the Southwark Crown Court, had ordered the confiscation on Friday. Reacting in a statement posted on his Facebook …

Any attempt by the Central Bank of Nigeria to increase the monetary policy rate (MPR) will push more people into chronic hardship, according to Professor Uche Uwaleke, the president of the Association of Capital Market Academics of Nigeria. The CBN will on Tuesday debate whether to slow down inflation with …

Aisha Dahir-Umar, PenCom DG The Contributory Pension Scheme (CPS) Retirement Pack is a joint publication of the National Pension Commission (PenCom) and the National Insurance Commission (NAICOM). The Pack is a guide for prospective retirees under the CPS. It provides information on the two modes of accessing retirement benefits: Programmed …

The Federal High Court sitting in Abuja has ordered the Economic and Financial Crimes Commission (EFCC) to transfer to the Office of the Attorney-General of the Federation, all the files and processes relating to the 25-count money laundering and fraud charges instituted against former Aviation Minister, Stella Oduah and eighth …

Governor Umo Eno of Akwa Ibom The Acting Inspector General of Police, IGP, Olukayode Egbetokun, has been urged to probe the alleged complicity of some officials of the West African Examination Council (WAEC) acting in attempt to obstruct investigation into the WAEC certificate presented by Governor Umo Bassey Eno of …

Bola Tinubu and CAN President, Daniel Okoh The Christian Association of Nigeria on Friday called on the Federal Government to ensure that the fuel subsidy palliatives being considered should go beyond cash transfers. The FG, CAN said, should consider the introduction of mass transport across the states to reduce the …

Abdulkarim Chukkol The acting Chairman of the Economic and Financial Crimes Commission, Abdulkarim Chukkol, has threatened to decisively deal with any of its staff who leak confidential information. According to him, the staff members take an oath of secrecy during the process of getting the job, stressing that anyone found …

Police Service Commission Logo The Police Service Commission has approved the dismissal of three senior police officers over cases of “serious misconduct”. The commission also approved the demotion of five others found wanting in their official duties. A statement by the commission spokesperson, Ikechukwu Ani, on Friday, said the decisions …

James Ibori Judge David Tomlinson of Southwark Crown Court in London on Friday ordered the confiscation of £101.5 million pounds ($130.34 million) from former Delta state governor James Ibori. In naira terms, the confiscated amount is N101,143,847,363.27, about one-ninth the amount shared by the three tiers of government on Thursday. …