The Power Holding Company of Nigeria owes the Nigerian National Petroleum Corporation and some other international oil companies N10bn being payments due from supplies made to the company over the last few years. A document obtained by our correspondent in … read more
After series of ransom demands by the abductors of former Vice Chancellor of University of Port Harcourt and Chairman of the Rivers State Independent Electoral Commission Chairman, Prof. Nimi Briggs, kidnapped two weeks ago, he has finally been released. Briggs … read more
There are indications that the Federal Government may have opted out of the One Laptop Per Child programme targeted at giving each Nigerian schoolchild one laptop at the expense of government. The Minister of Education, Dr. Igwe Aja-Nwachukwu, gave this … read more
Immediate past Minister of Energy, Dr. Edmund Dau-koru, and former Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NN-PC), Mr. Funsho Kupolokun, are among the scores of Nigerian officials interrogated by the Economic and Financial Crimes Comm-ission (EFCC) … read more
The acute power shortage being experienced across the country may persist as it emerged on Sunday that power sector operators, mainly the Power Holding Company of Nigeria, cannot afford to pay commercial prices for gas. The PHCN had blamed acute … read more
Nigeria�s former President Olusegun Obasanjo is reportedly under investigation for his government�s alleged involvement in a rural telephone project. This comes after the Senate announced it was investigating the former government for acquiring a loan of $500 million, earmarked for … read more
The Senate is set to investigate why former President Olusegun Obasanjo obtained a $500 million (N59 billion) loan for a telephone project despite his government�s claims of rapid privatization of the sector. The rural telephony project for which the administration … read more
The Economic and Financial Crimes Com-mission (EFCC) may later this week arrest four more ex-governors among those who vacated office last May 29. The ex-governors are to subsequently face trial on allegations of corrupt practices. The commission�s resolve to move … read more
A prominent monarch in Rivers State, King Nemi Oputibeya X, was on Friday remanded in prison custody by a Port Harcourt Chief Magistrates� Court over alleged kidnap of 11 Bulgarians and involvement in cultism. Oputibeya, who is the Amanyanabo of … read more
An Ekiti High Court, sitting in Ado-Ekiti yesterday issued a warrant for the arrest of the embattled former governor of Ekiti State, Mr. Ayodele Fayose over the murder of Mr. Tunde Omojola who was murdered at Ifaki-Ekiti on May 28, … read more