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Indebtedness

President Muhammadu Buhari on Monday signed the finance bill into law.

President Buhari: Nigeria’s border closure not to spite neighbours

President Muhammadu Buhari has said that the partial closure of Nigeria’s borders was not meant to punish her neighbours, but to strengthen the country’s security and economy.
A lawyer walks through the compound at the Federal High Court in Ikoyi district in Lagos, Nigeria, May 8, 2018. REUTERS/Akintunde Akinleye

N135 billion fraud: Senator Ubah’s absence in court stalls arraignment

Ubah, who is currently a senator, was to be arraigned before Justice Nicholas Oweibo of the Federal High Court in Ikoyi, Lagos. The senator and his company, Capital Oil and Gas Limited, are facing a four-count charge of fraud and misrepresentation of facts.

Report: Emerging markets still deprived of fit-for-purpose financial systems

The lack of an efficient and resilient financial system is still holding back inclusive and sustainable growth in emerging markets. Policymakers, regulators and financial services organisations should more actively shape a financial system that is fit for purpose.

NCC allows Airtel to partially disconnect Glo over interconnect indebtedness

The Nigerian Communications Commission (NCC) has granted Airtel approval to partially disconnect Globacom from its network for failing to settle interconnect debts running into billions of naira.
Melee Kyari

$600m debts: NNPC clears ExxonMobil of liabilities over oil assets renewals

The Nigerian National Petroleum Corporation, NNPC, yesterday, cleared ExxonMobil from any sharp practices and indebtedness to the country.

Report: Emerging markets still deprived of fit-for-purpose financial systems

The lack of an efficient and resilient financial system is still holding back inclusive and sustainable growth in emerging markets. Policymakers, regulators and financial services organisations should more actively shape a financial system that is fit for purpose.
Kenyan lawyer, Professor Patrick Lumumba

Zambia refuses entry to Kenya’s Patrick Lumumba for ‘security’ reasons

A Kenyan law professor and former director of his country's anti-corruption commission was on Saturday refused entry to Zambia due to "security considerations", authorities said.
AMCON chief Ahmed Kuru

Buyers shun AMCON’s N182 billion assets

Buyers are shunning the N182 billion assets recovered from debtors by the Asset Management Corporation of Nigeria, the organisation has said.

Edo government moves to clear salary arrears as NULGE threatens strike

Local Government Council Chairmen in Edo State have hinted of plans by the National Union of Local Government Employees (NULGE) to embark on strike over their unpaid salary arrears.

My husband borrowed N100,000 from me, refused to pay – Wife tells court

Mohammed denied the allegations, but said he, too, was no longer interested in the marriage. He, however, did not object to the wife’s request for a divorce.

FRSC boss warns personnel to stay out of politics

The Federal Road Safety Corps marshal, Mr. Boboye Oyeyemi, has warned personnel of the Corps against partisan inclination.

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The Federal Ministry of Health through the Nigeria Centre for Disease Control (NCDC) has formally announced the inclusion of three new laboratories into the national yellow fever-measles-rubella laboratory network 7

Yellow fever: Institute, NCDC train laboratory scientists

The Institute of Human Virology Nigeria (IHVN), has organised a special training toward strengthening the country’s capacity to prevent and respond to diseases outbreak.
The Economic and Financial Crimes Commission (EFCC) on Thursday in an FCT High Court in Maitama, re-arraigned a deputy director with the National Emergency Management Agency (NEMA), Emenike Umesi, for alleged misappropriation of N54.3 million.

Malabu scam: AGF Bello Adoke, others plead not guilty

The former Attorney-General of the Federation (AGF), Mohammed Adoke, and six other co-defendants charged with 42 counts in connection with the controversial 1.09 billion dollars settlement agreement on Malabu Oil Block, on Thursday pleaded not guilty.

NUJ chief calls for constitutional roles for traditional rulers

Chief Chris Isiguzo, the National President, Nigeria Union of Journalists (NUJ), on Thursday advocated for constitutional roles for traditional rulers in the country.
The inauguration of the much-talked about South West security outfit, Operation Amotekun, is about to begin at the Oyo State Governor’s Office, State Secretariat in Agodi, Ibadan.

AGF: Operation Amotekun remains an illegal entity

For the second time in about a week, the Federal Government has declared the Southwest Security outfit, Operation Amotekun, as an illegal entity not known to the constitution of Nigeria and which can never be allowed to stand.
Popular Nigerian rapper Onome Onokohwomo a.k.a Yung6ix took to his twitter handle to express his grievances towards Nigerian rapper MI Abaga.

Yung6ix calls out MI over nonsupport

Popular Nigerian rapper Onome Onokohwomo a.k.a Yung6ix took to his twitter handle to express his grievances towards Nigerian rapper MI Abaga.