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Monthly Archives: July 2015

A’Court orders retrial of petition against Melaye

The Court of Appeal in Abuja on Friday ordered fresh hearing of the petition filed by the Peoples Democratic Party’s candidate, Smart Adeyemi, challenging the election of Dino Melaye of the All Progressives Congress as the Senator representing Kogi West in the Senate. The Kogi State National and State Legislative Assembly Elections Petitions had on June 18, 2015, struck out ... Read More »

Buhari appoints Kari as commissioner for Insurance

President Muhammadu Buhari has appointed Alhaji Mohammed Kari as the Commissioner for Insurance and Chief Executive of the National Insurance Commission. A statement by the Special Adviser on Media and Publicity, Femi Adesina, said that Alhaji Mohammed Kari’s appointment which is for a term of four years in the first instance, takes effect from Friday, July 31, 2015. It reads: ... Read More »

PDP crisis deepens, as officials blew N12bn in nine months – Workers

Angry workers of the Peoples Democratic Party (PDP) have accused the members of the National Working Committee of the party of squandering N12bn in nine months. Out of the total sum, the workers said N11bn was realised from the sale of nomination forms while N1bn accrued from the sale of delegates forms. They alleged that the money was squandered shortly ... Read More »

ODD NEWS: Husband Super-Glue Wife’s Private Part for cheating

A woman in South Africa said that she was devastated for not being able to have fun for the rest of her life, because her husband put super glue on her private parts because she was cheating on him. Her husband allegedly put super glue on her private parts after he caught her cheating on him with her uncle. The ... Read More »

ODD NEWS: Man swapped iPhone 5 for pepperoni pizza

If you’re peckish and haven’t any cash on you, why not swap your pricey smartphone for a bite to eat? That’s what one festivalgoer did Craving pizza: Allan must have really wanted a pepperoni pizza to swap it for his phone A man has admitted on Facebook that he swapped his iPhone for a bite of pizza at a recent ... Read More »

Capital Market Recapitalization: SEC insists on Sept 30 deadline

Despite the outcry of persistent downturn trend in the nation’s stock market, the Securities and Exchange Commission, SE C said that the deadline for recapitalisation of capital market operators remains September 30, 2015. Director General of the commission, Mr. Mounir Gwarzo, who confided in Vanguard after the second quarter Capital Market Committee, CMC meeting in Laos said “September 30, 2015 ... Read More »

Nigeria lost N1.3trn through waivers on rice, others – Senate

The Senate, yesterday, disclosed that Nigeria lost a total of N1.3 trillion to waivers granted on importation of rice and other agricultural commodities between 2011 and 2014. Peeved by the development, the Red Chamber has urged the Central Bank of Nigeria, CBN, and the Nigeria Customs Service, NCS, to go all out to recover the lost revenue just as it ... Read More »

Tiger Brands acquires Dangote Flour; may change name at AGM

Following the recent successful acquisition of majority shares in Dangote Flour Plc, shareholders of the company are poised to take a resolution during its annual general meeting (AGM) on Friday (today) to effect a name change. If the proposal by the Chairman of the company, Aliko Dangote, to the shareholders is approved by the Board of Directors during the meeting, ... Read More »

Lagos Assembly approves N59.3bn budget for 57 local councils

The Lagos State House of Assembly yesterday approved a budget of N59, 287,974,102 for the 20 local governments and local council development areas (LCDAs). The House gave the approval, following a debate on the report submitted by the ad-hoc committee headed by the Chief Whip, Rotimi Abiru. The House observed that most councils and LCDAs performed poorly in the area ... Read More »

Oyegun, APC Governors in crucial meeting

National Chairman of All Progressives Congress, APCN Chief John Oyegun and the party’s governors were in a crucial meeting last night. The meeting at Imo governor’s lodge in Asokoro Abuja had in attendance Govs.R ochas Okorocha (Imo), Adams Oshiomole (Edo), Nasir El-Rufai (Kaduna), Rauf Arebegsola (Osun) and Kashim Shettima (Borno). Others are: Samuel Ortom (Benue), Umar Ganduje (Kano), Abdulaziz Yari ... Read More »