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Senate President, Dr. Bukola Saraki Commission involved in 1,080 suits from 2015 polls Damilola Oyedele in Abuja The Senate yesterday cautioned the Independent National Electoral Commission (INEC) against paying attention to misguided statements and pronouncements questioning the powers of the National Assembly to legislate on the Electoral Act. The President …

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Zenith Bank declares N785.19b gross earnings in 2017

Zenith International Bank has announced gross earnings of N745.19 billion for the financial year ended December 31, 2017. The News Agency of Nigeria reports that the figure represented a growth of 46.69 per cent over N507.99 billion posted in 2016. This is contained in the bank’s audited result released by …

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CBN lifts Forex Market with $210m

Isaac Okoroafor, Acting Director, Corporate Communications, CBN The Central Bank of Nigeria (CBN), in its quest to guarantee the availability of forex for customers’ needs in various segments of the market, has injected another sum of $210million into the inter-bank Foreign Exchange Market. Figures obtained from the Bank on Monday, …

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Ex-Shell Boss, Ovueraye Heads KSM New Executive Board

 The Order of the Knights of Saint Mulumba Nigeria (KSM) has elected Diamond Ovueraye, as the Supreme Knight and head of the new supreme executive board to govern its affairs for the next four years. The group in a statement yesterday said the new supreme board comprising of twelve-member executives …

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FIRS Threatens to Sell Properties of Defaulting Tax Payers

Babatunde Fowler The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, has said the federal government is processing court documents that will allow it sell properties of companies which have been evading taxes. Speaking last Wednesday night on The Core, a Channels Television programme hosted by …

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Why senators are solidly behind Saraki — Sen Sabi Abdullahi

Senator Sabi Aliyu Abdullahi, APC, Niger North, is the chairman, Senate Committee on Media and Public Affairs; vice chairman, Senate Services Committee, and member, Committees on Appropriations; Agriculture and Rural Development; Power, Steel Development and Metallurgy. In this interview, he spoke on what the Senate would do if President Muhammadu …

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Customer battles Sterling Bank over N219m fraud

A microfinance institution, OHHA Microfinance Bank Limited, has accused Sterling Bank Plc of defrauding it of N219 million it deposited with the bank. The accusation was made in a letter to Sterling Bank by OHHA Microfinance Bank’s lawyers, Festus Keyamo Chambers. Dated 20 February and jointly signed by Messrs B.I …

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