A Federal High Court in Abuja has issued a bench warrant for the arrest of former Chairman of the defunct Pension Reformed Task Team (PRTT), Abdulrasheed Maina. Justice Okon Abang, in a ruling on Wednesday, revoked the bail earlier granted Maina, who is being tried by the Economic and Financial Crimes Commission (EFCC) for alleged […]
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A Federal High Court in Abuja has ordered the inclusion of the National Assembly as a defendant in a suit some Southern leaders filed against President Muhammadu Buhari and three others over alleged discrimination in his appointments into key positions and use of externally obtained loans for infrastructure development. In a ruling on Wednesday, Justice […]
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Billionaire businessman and founder, Global Fleet Oil & Gas Limited, Jimoh Ibrahim, has denied owing Union Bank of Nigeria Plc N69.4 billion. He insists that the lender is actually indebted to his group of companies to the tune of N140 billion. In an emailed statement released yesterday, he said his group of companies also has […]
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Businessman chief promoter of Global Fleet Oil & Gas Limited and NICON Investment Limited in Lagos and Abuja, Jimoh Ibrahim, has lost 12 choice assets to the Asset Management Corporation of Nigeria (AMCON) over a N69.4 billion debt. The assets takeover followed an order by Justice R.M. Aikawa of the Federal High Court, Lagos Division. […]
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Guava provides alternative therapy for diabetic-associated disorders of kidney Scientists have advanced search for herbal cures for diabetes mellitus with the discovery of a blood sugar reducing syrup made predominantly with bitter leaf (Vernonia amygdalina) and plantain (Musa paradiasica) as well as validating guava (Psidium guajava) leaves as better alternative therapy in ameliorating diabetic-associated disorders […]
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The Federal Executive Council (FEC), yesterday, approved the Finance Bill 2020 aimed at reviewing the country’s tax laws and supporting the 2021 budget. Addressing reporters after the weekly meeting presided over by President Muhammadu Buhari in Abuja, Minister of Finance, Budget and National Planning, Zainab Ahmed, said the piece of legislation would be speedily transmitted […]
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charges EFCC to interrogate minister The Peoples Democratic Party (PDP) has charged Minister of Works and Housing, Babatunde Fashola, to immediately come clean on reports in the public space that N4.6 billion public funds was diverted into private accounts during his tenure as Minister of Power, Works and Housing. The party also charged the Buhari […]
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Says claims of high cost of operation exaggerated Assures move will enhance value addition for shareholders Urges CBN to take a position of cryptocurrency Having obtained regulatory approval in principle, GT Bank Plc plans to join some of its peers in the banking sector to diversify its financial services under a holding company (HoldCo), which […]
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Governor Seyi Makinde (second left) and others, during the passing-out ceremony of 1,500 pioneer corps of the State Security Network Agency, code-named Amotekun, at Emmanuel Alayande College of Education, Oyo…yesterday. PHOTO: NAJEEM RAHEEM To present 2021 budget to House of Assembly next Monday Oyo plans payment of gratuity to post-2019 retirees Increases monthly allocation to […]
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Shareholders kick over unclaimed dividends Govt has no business with fund, economists, securities expert warn Reps worry over rising unclaimed dividends Shareholders, economists and securities expert have reacted angrily to Federal Government’s plan to plough N200 billion unclaimed dividends into its coffers, just as the House of Representatives express the concern that many shareholders have […]
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