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Home » 2017 » October

Monthly Archives: October 2017

BREAKING: NJC replaces Justice Salami on committee to monitor corruption cases

The National Judicial Council (NJC) under the chairmanship of the Chief Justice of Nigeria, Walter Onnoghen, has picked a retired Justice of the Supreme Court, Suleiman Galadima, as the new chairman of the Corruption and Financial Crime Cases Trial Monitoring Committee. He is to replace Ayo Salami, the retired president of the Court of Appeal who stood down from the ... Read More »

Federation Account recorded N797bn VAT revenue in 10 months – Adeosun

…VAT is key to Nigeria’s revenue strategy …To extend tax compliance to Private Sector     Revenue from Value Added Tax (VAT) grossed N797.51 billion into the Federation Account between January and October 2017, the Honourable Minister of Finance, Mrs. Kemi Adeosun, revealed on Tuesday. The non-oil revenue represents 46.15 per cent of the 2017 VAT budget of N1.728 trillion./ It ... Read More »

Subpoena: Jonathan asks Metuh for N1bn traveling expenses

Former President Goodluck Jonathan on Monday asked the Federal High Court sitting in Abuja to set aside the subpoena ordering him to appear in court as a witness to testify in defence of a former National Publicity Secretary of the Peoples Democratic Party, Olisa Metuh. In the alternative, the ex-President sought an order directing Metuh to deposit with the court ... Read More »

AfDB cancels $400m loan to Nigeria

The African Development Bank has called off a loan to Nigeria that would have helped fund the country’s budget, the Vice-President for Power, Energy, Climate Change and Green Growth, AfDB, Amadou Hott, has said. He said the bank would likely be redirecting the money to specific projects in Nigeria rather than give to the country to fund its budget. Hott ... Read More »

Diezani planning to escape imminent trial in UK – EFCC

The Economic and Financial Crimes Commission has urged the Federal High Court in Lagos not to order the return of a former Minister of Petroleum Resources, Diezani Alison-Madueke, from the United Kingdom to Nigeria. The anti-graft agency described Diezani’s prayer to be brought back to Nigeria as a ploy to escape justice in the UK, where, according to the EFCC, ... Read More »

Development bank releases N5bn to three MfBs

The Development Bank of Nigeria, which was recently established by the Federal Government, on Monday commenced lending activities to the economy with the release of N5bn to three microfinance banks. The amount is for on-lending by the microfinance banks to 20,000 entrepreneurs operating in Micro, Small and Medium Enterprises sector of the economy. The three institutions that got the first ... Read More »

Federal Govt to pay civil war victims N50bn

The Federal Government, on Monday, agreed to pay a total of N88bn for the complete destruction of the remnants of landmines and bombs used during the Nigerian Civil War. The money is also for other purposes, including compensation of the victims, and the reconstruction of public buildings in some parts of the states affected by the war. Of the N88bn, the ... Read More »

PDP chiefs knock Aregbesola for raising airport contract by N58bn

Some leaders of the Peoples Democratic Party in Osun State have flayed Governor Rauf Aregbesola over the increase in the contract sum of the state’s airport from N11bn to N69bn. A member of the PDP Caretaker Committee in Osun State, Mr. Bamidele Salam, in an interview with our correspondent in Osogbo on Monday, described the increase of the contract sum through ... Read More »

Buhari hands over Lawal, Oke to anti-graft agencies

Sacked Secretary to the Government of the Federation (SGF) Babachir David Lawal and National Intelligence Agency (NIA) Director-General Ayo Oke are to be quizzed by the anti-graft agencies. After the Presidency announced the officers’ sack yesterday, there were calls that they be handed over to the anti-graft agencies. A statement issued by the Senior Special Assistant on Media and Publicity, ... Read More »

ODD NEWS: Man, 29, rapes 85 year-old woman in Osun

A 29-year-old man, Kehinde Ariyo, has been arrested by the Osun Police Command for allegedly raping an 85-year-old woman to coma at Ilesa town in the state. The police commissioner in the state, Mr Fimihan Adeoye, disclosed this to newsmen on Monday in Osogbo. Adeoye said the incident happened at Ogudu area in Ilesa, where the suspect forcefully had canal knowledge of ... Read More »