A Federal High Court in Lagos last week entered judgment in favour of Diamond Bank in a N26.2bn debt recovery suit it filed against a businessman, Chief Sunny Odogwu, and his two companies, Robert Dyson & Diet Limited and SIO Properties Limited. The trial judge, Justice Saliu Saidu, granted Diamond Bank the leave to foreclose…
No fewer than 15 traditional rulers from four local government areas of Osun State stormed the office of Ibadan Electricity Distribution Company in Osogbo, to protest poor supply of electricity in their domains. According to a statement made available to our correspondent in Osogbo on Wednesday, the monarchs took the decision following threats of violence…
Barely 10 years after Nigeria exited from the Paris and London Clubs debt crises, the nation is back to public debt crisis, a Non-Government Organisation – Social Development Integrated Centre – and stakeholders have said. They spoke in Abuja on Tuesday at a forum titled Promoting Accountability in the Management of Public Debt convened by…
President Mohammdu Buhari Tueday night ordered for the arrest of the former National Security Adviser, NSA, Col. Sambo Dasuki over the misappropriation of monies for the procurement of arms. The arrest order was also extended to several others who were found culpable in the saga. The development was sequel to the release of the interim…
THE Secretary to the Rivers State Government, Chief Kenneth Kobani, has accused the immediate past administration of Mr. Rotimi Amaechi of leaving a huge debt burden for the current administration of the Chief Nyesom Wike. Kobani, who spoke with newsmen in Port Harcourt on Tuesday, specifically said that the former governor left an economically bankrupt…
Parents of the abducted secondary school girls in Chibok, Borno State have started accusing the state and federal governments of negligence and insensitivity to their plight. This was evident during their interaction with Mrs. Graca Machel, widow of former South African President, the late Nelson Mandela, writes Shola Oyeyipo As you read this piece today,…
The leading financial services institution in digital banking offerings in Nigeria, and across Africa, United Bank for Africa (UBA) Plc is changing the payments landscape in Nigeria with the introduction of contactless payment cards. The contactless payment cards offer UBA customers an easier and more convenient hassle-free way to pay for goods and services. It…
Nigeria’s current fuel scarcity is likely to persist and even worsen unless the Muhammadu Buhari administration takes radical steps to address certain root problems, among them corruption, banking snags and a crisis management in the Nigerian National Petroleum Corporation (NNPC), according to information gathered through investigations by SaharaReporters. During our weeklong investigation, several players in…
Each of the 37 ministers sworn in by President Muhammadu Buhari on Wednesday will receive current remuneration packages approved by the Revenue Mobilisation, Allocation and Fiscal Commission, SUNDAY PUNCH has learnt. The current remuneration of public office holders is guided by the Remuneration Act of 2007. RMAFC had in June set in motion the process…
