The Federal High Court in Ikoyi, Lagos has adjourned the hearing on the bail application of the bank executives arraigned by the Economic and Financial Crimes Commission (EFCC) till next week. Dan Abutu, a Justice of the Federal High Court … read more
From: Jomo Gbomo Sent: 05 September 2009 10:01 To: Chief Oyibo Subject: Cameroon Army Weapons at Bayelsa Disarmament Ceremony The Browning .50 Caliber Machine Guns (listed by government as Brandy Machine Guns) displayed on Saturday, August 22, 2009 in Yenagoa, … read more
Detained banks’ chiefs, yesterday, alleged that the Economic and Financial Crimes Commission, EFCC’s operatives were asking them to bargain for their freedom with their shares in the five troubled banks. They were said to have disclosed this latest development to … read more
Denied credit for aircraft maintenance and flight operations, more airlines are grounding their planes as the credit crisis biting the various sectors of the nation’s economy took a toll on the aviation industry. Many passengers were stranded following airlines’ failure … read more
Oil executive, Jimoh Ibrahim, who is the chief executive of Global Fleet Industries Ltd, found himself dealing with a new set of issues on Thursday in Abuja, when federal authorities informed him to shelve his planned business trip abroad because … read more
THE communal crisis in Nkerehi in Orumba South Local Government Area of Anambra State has escalated with five persons feared dead and 15 others sustaining injuries in the latest confrontation between the two opposing camps. Seven houses were also burnt … read more
A Federal High Court sitting in Abuja on Thursday restrained the Economic and Financial Crimes Commission (EFCC) from “arresting, detaining, prosecuting or embarrassing” former Governor of Rivers State, Peter Odili, on account of an alleged non-performing loan of N189 million … read more
TWO foreign investors, allegedly pre-selected by the Central Bank of Nigeria (CBN) for the planned sale of five banks in the country, may have turned down the offer, going by indications emerging from London, United Kingdom (UK). They were slated … read more
Governor of the Central Bank of Nigeria (CBN) Sanusi Lamido Sanusi said yesterday that he will resign from office if his decision to remove the Managing as well as Executive Directors of five big banks turns out to be wrong. … read more
The first suggestion of a link between Islamist groups in Nigeria and Afghanistan’s Taliban extremists has emerged with a member of the Boko Haram sect that was behind a deadly uprising in July confessing to receiving military training in Afghanistan, … read more