A Briton and a witness in the ongoing case against Dr. John Abebe, the brother to the late Mrs Stella Obasanjo, Ms Charlene Cross, yesterday, during the fraud trial of Dr. Abebe, insisted that he, (Abebe) forged parts of an oil contract. During cross examination before an Ikeja High Court, the witness insisted that parts…
Nigeria Labour Congress, NLC, has threatened to report the Federal Government to the International Labour Organisation, ILO, over its White Paper on “No work, no pay” policy. This was part of a communiqué issued at the end of an emergency meeting of the NLC National Executive Council, NEC, Wednesday in Abuja. In the communiqué by…
Former President Goodluck Jonathan has expressed grief over the death of former Chief Justice of Nigeria, CJN, Justice Idris Kutigi, describing his demise as a monumental loss. Jonathan who stated this in a statement by his spokesman, Ikechukwu Eze described the former chief justice as a man who stood as a towering figure in the…
A former banker of Union Bank of Nigeria Plc, Kazeem Alli, was yesterday arraigned before a Federal High Court, sitting in Lagos, over alleged N8.7million internet fraud. Alli who was arrainged by the Economic and Financial Crimes Commission EFCC, alleged is facing a three count charge of conspiracy, impersonation and N8.7 million, internet fraud. The…
After being in custody for five days, the immediate past Governor of Ekiti, Ayodele Fayose, on Monday appeared before a Federal High Court, Lagos, charged with N6.9 billion fraud. Fayose is being prosecuted by the Economic and Financial Crimes Commission (EFCC) alongside his company — Spotless Investment Ltd — on an 11-count charge of N6.9…
Indications that the Federal Government is getting set to implement the recommendations of the Justice Obiora Nwazota Judicial Commission which probed the operations of the liquidated Nigeria Airways Limited (NAL), is a very positive and welcome development. We hope to see action on this as soon as possible because the looting of our national flag…
EX-Delta State Governor James Ibori has lost an appeal against his conviction in London, United Kingdom (UK). He was jailed in Britain for laundering tens of millions of dollars in stolen public funds, through British banks and acquisition of properties. Ibori was governor of oil-producing Delta State for eight years. He had pleaded guilty in a London…
The Federal Executive Council (FEC) has approved a draft white paper on the Technical Committee on Industrial Relations Matters in Public Service which seeks to check what government considers excessive trade unionism, abuses by employers and illegal private practice by public health workers, among others.The Minister of Labour and Employment, Chris Ngige, made the announcement…
The business license of erstwhile Skye Bank Plc was summarily revoked last month (September 2018) by Godwin Emefiele, the CBN Governor. The revocation came about two years after the financial regulator sacked the management in July 2016; the action followed the bank’s inability to meet the mandatory minimum key liquidity and capital adequacy ratios, which…
The Central Bank of Nigeria, CBN, yesterday responded to the International Monetary Fund, IMF, propositions on judicious use of the nation’s external reserves to build buffers against the shock of rising interest rates in the monetary policy normalisation regime of the United States, saying CBN’s policy preference for now is to maintain exchange rate stability….