Monthly Archives: June 2019

EFCC orders bank to dishonour NDDC’s payment instruction

Re-arraigns ex-minister Akinjide, two others The Economic and Financial Crimes Commission (EFCC) has instructed a commercial bank not to honour Niger Delta Development Commission (NDDC’s) request for payments over alleged money laundering. In a letter addressed to the Managing Director of one the bank and obtained by The Guardian, the EFCC said funds were being diverted from NDDC’s accounts in

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Nigerians may pay more for commodities, as new duty regime bites

Importers bemoan hike in duty rate Nigerians may be bracing for higher prices of commodities as the spiral effect of the sudden increase in import duty by over 6.1 per cent by the Federal Government, takes toll on prices.Already, importers and manufacturers are groaning under the new regime and the impact on their businesses. However, the new regime introduced by

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Outrage trails Buhari’s plan to settle Fulani herdsmen

Benue, Edo, Delta, Igbo stakeholders caution against move • ‘Only fairness, equity can guarantee peace in Nigeria’ A policy by President Muhammadu Buhari to use public funds to set up Ruga farming settlements for herdsmen in 12 states has been rejected across the country.Three major socio-cultural organisations in Benue State described the policy as a renewed plan to take over

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Nigeria heading for insolvency over debt servicing burden, Sanusi warns

• Homegrown technology to drive economy, says Osinbajo Emir of Kano, Muhammadu Sanusi II, has said Nigeria risks going into bankruptcy if the Federal Government continues spending 70 per cent of its revenue on debt servicing. Besides, he warned that the nation might equally not be spared of insolvency if the President Muhammadu Buhari administration keeps committing huge resources on

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Rivers State communities protest against Governor Wike’s involvement in row with Shell

Three communities in Akuku-Toru Council of Rivers State staged a protest in Port Harcourt yesterday against alleged involvement of Governor Nyesom Wike in their confrontations with Shell Petroleum Development Company (SPDC) in the OML 25 oilfield. Belema, Ngeje and Offoin-Ama communities said their women had occupied the flow station since August 2017 when the oil field was shut down and

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Why I fired ex-CJN Walter Onnoghen, by president

The presidency has clarified why former Chief Justice of Nigeria (CJN), Walter Onnoghen, was fired over allegations of corruption and non-declaration of assets. President Muhammadu Buhari made the clarification yesterday during a meeting with the All Progressives Congress (APC) National Leader, Asiwaju Ahmed Bola Tinubu, and chieftains of the Yoruba socio-cultural organisation, Afenifere, who were at Aso Rock to table

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