As part of efforts by the Federal Government of Nigeria to grow the nation’s economy through digital technologies, the National Information Technology Development Agency (NITDA), under supervision of Federal Ministry of Communications and Digital Economy, has made second presentation of Nigeria Digital Innovation, Entrepreneurship and Startup Policy (NDIESP) to the …
Read More »Wike set to send anti-open grazing bill to Rivers Assembly
Rivers State Governor, Nyesom Wike has promised to give the ban on open-grazing in the state a legal backing by sending the required bill to the Rivers State House of Assembly. The governor said his administration settled for an anti-open grazing bill to protect the people of the state. At …
Read More »ex-MD of Bank PHB, Francis Atuche jailed 12 years for N25.7bn fraud
Francis Atuche Justice Lateefa Okunnu of the Lagos State High Court, Ikeja, has sentenced a former Managing Director of defunct Bank PHB Plc, Francis Atuche, to 12 years’ imprisonment for N25.7bn fraud in the bank. The bank’s former Chief Financial Officer, Ugo Anyanwu, was sentenced to 10 years’ imprisonment for …
Read More »CEO absconds as forex firm allegedly defrauds 52 investors of N122m
Victims of an alleged scam perpetrated by a Lagos-based forex training and capital investment company, MBA Capital and Trading Limited, are worried over their unpaid dividend and capital, and the disappearance of the Chief Executive Officer, Maxwell Odum. The victims, numbering 52, said the total amount they were defrauded of …
Read More »FG borrowed N1.3tn in four years to subsidise power consumers, firms – World Bank
The President, Major General Muhammadu Buhari (retd.) The Federal Government has borrowed a total of N1.3tn since 2017 to ensure that generation companies and gas suppliers received enough payments to continue generating electricity, the World Bank has said. The bank said this in its ‘Resilience through Reforms’ report. According to …
Read More »I’ve been receiving death threats, says EFCC boss
Abdulrasheed Bawa, chairman of the Economic and Financial Crimes Commission (EFCC), says corruption does fight back, adding that he has been receiving death threats since he came on board as the chairman of the anti-graft agency. He spoke on Tuesday when he featured in Channels Television’s ‘Sunrise Daily’ programme. President …
Read More »Five cops facing trial for corruption, says Imo CP
Commissioner of Police Imo State, CP Abutu Yaro The Imo State Commissioner of Police, Abutu Yaro, has disclosed that five cops have been arrested for indulging in corrupt practices in the state. The CP equally disclosed that the cops had been subjected to orderly room trial by the command. Yaro, …
Read More »Victor Adoji commends Akwa Ibom governor as Ibom Air gets two new Airbus aircraft
(L-R) Dr. Victor Alewo Adoji, HE, Udom Emmanuel – Governor of Akwa Ibom State, HE, Aminu Tambuwal- Governor of Sokoto State and the Deputy Governor of Zamfara State at the reception for the two brand new A220-300 planes acquired by Akwa Ibom State for its carrier, IbomAir Victor Alewo Adoji, …
Read More »Reps accuse Indorama Group of multi-billion naira tax evasion
The House of Representatives has descended heavily on Indorama Group over alleged sharp practices relating to evasion of tax running into billions of naira. The House further accused the conglomerate of using several other companies beside the three it claimed to have officially registered in Nigeria in order to secure waivers from …
Read More »Fed Govt’s policies limiting my power sector investments, says Emmanuel
Akwa Ibom State Governor Udom Emmanuel has said his investments in the state’s power sector are being frustrated by the Federal Government’s policy which disallows states from distributing power. Emmanuel disclosed this at a briefing at the weekend that Ibom Power Plant in Ikot Abasi generates 150 megawatts of electricity …
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