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Daily Archives: May 9, 2019

AMCON drags Venture and Engineering Company to court over N9.3billion debt

In a bid to recover a debt of N9,302,894,097.94, the Asset Management Corporation of Nigeria, AMCON, has dragged Ventures and Engineering Company Limited before a federal high court in Lagos. In a statement of claim filed before the court by a Lagos lawyer, Ayo Obe, it was alleged that Ventures and Engineering Limited, a company registered in accordance with company ... Read More »

Multi-billion Naira suit against Petrocam Company adjourned

Multi-billion Naira suit against Petrocam Company adjourned

The Federal High Court in Lagos has adjourned till May 23, 2019 to determine either debt recovery suit of N10,062,643,928.72 and $5,247,693.83 filed before the court by Union Bank Plc against an oil company, Petrocam Trading Nigeria and two others – Mr. Patrick Ilo and Petrocam Trading LTD South Africa can be termed as abuse of court process or not. ... Read More »

North East Development Commission Board Inaugurated, Takes Off With N10bn Grant

North East Development Commission Board Inaugurated, Takes Off With N10bn Grant

  President Muhammadu Buhari has kick-started the take-off of the North East Development Commission (NEDC), with the official inauguration of the board on Wednesday. Already, about N10 billion has been approved for the agency to carry out reconstruction and rehabilitation works in the North East region, which has been devastated by Boko Haram’s insurgency since 2009. Inaugurating the board, shortly ... Read More »

Certificate Forgery:  EFCC Presents 8th Witness Against Rep member

Certificate Forgery: EFCC Presents 8th Witness Against Rep member

By Owolola Adebola The Economic and Financial Crimes Commission, EFCC, has presented its eight witness against a serving member of the Federal House of Representatives, Nse Bassey Ekpeyong, who is facing trial on a ten- count amended charge bordering on forgery and uttering of documents, before Justice Ifeoma Ojukwu of the Federal High Court sitting in Uyo, Akwa- Ibom State. ... Read More »

Udoma inaugurates 15-member NBS

Udoma inaugurates 15-member NBS

Governing Board The 15-member Governing Board of the National Bureau of Statistics (NBS) was on Thursday inaugurated in Abuja by the Minister of Budget and National Planning, Senator Udoma Udo Udoma. The Minister charged the new Board to work in harmony with the management of the Bureau to achieve its goals, especially considering the important role that the NBS plays ... Read More »

Emir of Kano’s powers reduced as State Assembly creates four new Emirates

Emir of Kano’s powers reduced as State Assembly creates four new Emirates

The faceoff between the Emir of Kano and Governor Umar Ganduje has left the monarch bruised. The emir, Muhammadu Sanusi II, will now have control of only 8 out of the 44 local government areas in the state, following creation of four new emirates with first class status by Kano State House of Assembly on Wednesday. In the initial proposal, ... Read More »

Senate Presidency: I will make a difference, Sen. Lawan pledges

Senate Presidency: I will make a difference, Sen. Lawan pledges

The Senate Leader, Ahmed Lawan, says the leadership of the Senate under his watch will make a difference if elected the 9th assembly’s Senate President. Lawan made the remark when he led a delegation of his campaign team on a courtesy visit to the News Agency of Nigeria (NAN) Headquarters in Abuja. The lawmaker, who is an aspirant for the ... Read More »

Breaking: Gov. Oyetola wins at Appeal Court

Breaking: Gov. Oyetola wins at Appeal Court

The Court of Appeal sitting in Abuja on Thursday affirmed Alhaji Gboyega Oyetola as the elected governor of Osun State. Four Justices were in his favour in the majority ruling, leaving one Justice dissenting. The suit challenging the election of Oyetola of the All Progressives Congress (APC) was filed by Senator Ademola Adeleke, the Peoples Democratic Party (PDP) gubernatorial candidate ... Read More »