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Monthly Archives: November 2015

Supreme Court to hear Saraki’s appeal Thursday

The Supreme Court has picked Thursday for hearing on the appeal filed by Senate President, Bukola Saraki. The apex court’s decision to hear the appeal this week was contained in hearing notices sent to parties in the case, a copy of which The Nation sighted on Monday. Saraki is challenging the decision of the Code of Conduct tribunal (CCT) to ... Read More »

Suspected Militants Chase Jonathan’s Convoy

Former President, Dr. Goodluck Jonathan, on Monday narrowly escaped what could have resulted in a horrific situation in Bayelsa State, after some suspected militants drove into his convoy in the state capital, Yenagoa. The suspected militants reportedly drove into the motorcade and chased it to the entrance of the private house of the former President in Yenagoa. They were eventually ... Read More »

Yuguda in EFCC Net over Dasuki’s N1.2bn Arms Deal Scam

Former Minister of State for Finance, Bashir Yuguda, has been arrested by the EFCC for his role in the controversial arms procurement scandal surrounding former NSA, Sambo Dasuki. Mr. Yuguda was arrested Monday afternoon and was currently being quizzed by detectives. According to reports, a huge amount of money; “running into billions” was allegedly traced to the former minister from funds meant for arms procurement. “The ... Read More »

Amaechi Orders Probe Of Maritime Academy Over N18bn Remittances

The minister of Transport, Mr Rotimi Amaechi has ordered a probe into the financial activities of the Maritime Academy of Nigeria (MAN), Oron, Akwa Ibom State and N18 billion remittances to the institution by the Nigerian Maritime Administration and Safety Agency (NIMASA) in the last five years. The move to begin a full audit of the institution’s finances followed allegations ... Read More »

Kogi: INEC gets Yahaya’s nomination from APC

The Independent National Electoral Commission (INEC) has received the request by the All Progressives Congress (APC) to replace the late Abubakar Audu’s name with that of Yahaya Bello for the December 5 supplementary governorship election in Kogi State. Mr Nick Dazang, INEC Deputy Director, Publicity, disclosed this in an interview with the News Agency of Nigeria (NAN) on Monday in Abuja. Dazang, however, did not disclose when the commission received ... Read More »

ODD NEWS: Canadian Lottery Jackpot Winner Dies After Gold Plating His Balls

Many people like to flash their cash in different ways – for instance, gold and diamond mouth grills. But to celebrate his recent jackpot win, Justin decided to take it to another level. Justin Reiter from Alberta, Canada, died of medical complications after attempting to gold plate his own private parts to celebrate an astonishing $598,556 jackpot win. According to ... Read More »

ODD NEWS: Babies Exposed To Marijuana In The Womb Have Better Eyesight – Study

A new study has revealed that babies who are exposed to marijuana while in the womb experience better eyesight by the time they turn four. The study was conducted by researchers of University of Waterloo, Auckland and Brown University, US, who compared a group of tiny tots exposed to marijuana with a group of babies who were clean. The researchers ... Read More »

SEC votes N5b for investors’ protection

Securities and Exchange Commission (SEC) has voted N5 billion as take-off grant for the National Investors Protection Fund (NIPF). SEC, Nigeria’s apex capital market regulator, last week launched the board of NIPF, flagging off the special purpose vehicle that will compensate investors for pecuniary losses arising from the insolvency, bankruptcy or negligence of sundry capital market operators that are not ... Read More »

GTBank unveils virtual MasterCard

Guaranty Trust Bank Plc has reaffirmed its position as a leading provider of e-payment gateway solutions with the recent launch of its Virtual Prepaid MasterCard. The card, which is issued instantly via Internet banking, provides an added comfort for security conscious online shoppers who prefer not to use their regular debit/credit cards when making online payments. The GTBank Virtual card ... Read More »