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The Federal Government on Wednesday expressed happiness with the plan of by the United States Department of Justice to institute property-related forfeiture proceedings against late Commander-in-Chief of the Federal Armed Forces, General Sani Abacha. “The Federal Government of Nigeria welcomes the forfeiture proceedings initiated against the property related to the corrupt conduct of late General […]

  The Lagos State Government on Wednesday announced plans to begin an assessment of teachers in all the state government-owned primary and secondary schools. The competency test is to assess the skills, competence and capabilities of the teachers in the state, according to the state Commissioner for Education, Mrs. Olayinka Oladunjoye, who was speaking during […]

Managing Director of Zenith Bank Plc), Mr. Godwin Emefiele has been approved by the Senate as the new Governor of the Central bank of Nigeria (CBN), as nominated by President Goodluck Jonathan. The president nominated him on 20th February 2014, hours after suspending Mallam Sanusi Lamido Sanusi, who was Governor at the time, on allegations […]

Nigeria is bleeding and convulsing in pain throes. She is gradually sliding into the impotence of error. Her efforts at steadying the tottering steps – even if on the slimy blood of the innocent victims quartered in death by the Boko Haram suicides – appears vacuumed of effect. Since the emergence of the terrorist group, […]

The Federal House of Representatives Committee on Public Accounts has summoned Accountant General of the Federation (AGF), Mr Jonah Otunla, the Central Bank of Nigeria (CBN), and the Budget Office to explain the alleged disappearance of N59.6bn subsidy money meant for the Nigeria National Petroleum Corporation (NNPC). Explaining that the money, which the Budget office […]

A Federal High Court sitting in Abuja has ordered suspended Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi to appear before it in a suit filed by some aggrieved shareholders of defunct Intercontinental Bank of Nigeria. Ruling on an ex-parte application filed by Mr. Chris Uche on behalf of a certain […]

The office of the Central Bank of Nigeria (CBN)  located opposite the Stock Exchange office on Custom Street,Marina Lagos was on Tuesday gutted by fire, an incident that has triggered lots of suspicious suggestions. While some CBN staff attributed the source of the fire, which began at exactly 5.40pm, to a power surge, some Nigerians believe […]

The screening and confirmation for the appointment of Justice Zainab Bulkachuwa as President of the Court of Appeal, as well as that of Godwin Emefiele as Governor of the Central Bank of Nigeria (CBN) will hold on Wednesday, according to an announcement by Senate President David Mark. Mark made the announcement on Tuesday during plenary […]

Justice Olasumbo Goodluck of the Federal Capital Territory High Court, Abuja has adjourned to 4th June 2014 for ruling on whether the court has jurisdiction to hear the N1.4 billion oil subsidy case involving Helyn Aninye, Chizobam Aniebonam and their company, Pon-specialised Services Limited. The accused persons, who are alleged to have fraudulently obtained the […]

The internal squabble in the Peoples Democratic Party (PDP) in Ekiti State has taken a drastic turn with the setting of the state secretariat on fire by unknown men on Tuesday. The fire incident affected a section of the first floor of the secretariat located in the Ajilosun area of Ado-Ekiti, the state capital, before […]

President Goodluck Jonathan has refuted reports in some domestic media quoting him as confirming in Amsterdam that the Nigerian National Petroleum Corporation (NNPC) wrongly withheld $10bn from the Federation Account. A statement by Special Adviser to the President on Media and Publicity, Dr. Reuben Abati described the reports as completely false and a total distortion […]

The Nigerian National Petroleum Corporation (NNPC) on Monday denied media reports that Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, who is also Chairperson of its Board of Directors, charters an aircraft for personal use. The Corporation stated that it has not chartered any aircraft for the exclusive use of the minister or any particular official, […]