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N135 billion debt: AMCON faults Senator Ubah’s claims

The Asset Management Corporation of Nigeria (AMCON) on Thursday presented what it described as the ‘correct account’ in the case between the corporation and Senator Ifeanyi Ubah over alleged N135 billion bad debt.

Companies begin end of year dollar repatriation

Many foreign companies operating in Nigeria have commenced year-end dollar repatriations to their home countries, Newsmen have learnt. The move, if unchecked, could impact negatively on the naira which has maintained long term stability.
Governor Seyi Makinde

Oyo governor forwards names of council caretaker chairmen to assembly

Oyo state governor, Engr. Seyi Makinde, on Thursday sent list of names of nominees for caretaker chairmen and sole administrators for the 33 local governments and 35 Local Council Development Areas ( LCDAs) in the state, against the order of the state High Court, restraining the governor and the state House of Assembly from dissolving local governments and appointment of caretaker chairmen.

Police officer ‘kills 18-year old for slapping him’

A police officer in Umuaka village in Imo state allegedly shot dead an 18-year old man for retaliating when the officer slapped him.
Dairy giant FrieslandCampina WAMCO Nigeria Plc on Tuesday signed a Memorandum of Understanding (MoU) with the Niger State Government on local dairy production.

Friesland Campina WAMCO empowers 7,000 dairy farmers

More than 7,000 dairy farmers including female farmers have been empowered under Friesland Campina WAMCO Plc’s Dairy Development Programme (DDP) across Oyo, Ogun and Osun States.

Customs disowns online lists of shortlisted applicants

Nigeria Customs Service (NCS) on Wednesday dissociated itself from some lists of “successful applicants” for its recruitment. It described the release of the lists as the handiwork of fraudsters.

EFCC seizes Allen Onyema’s passport over US fraud indictment

The Economic and Financial Crimes Commission (EFCC) has seized the passport of Allen Onyema, chief executive officer of Air Peace, over alleged bank fraud and money laundering in the US.

Customers lose phones, jewelries to robbers in barbing salon

Customers in a barbing salon at No. 3 Olisakwe crescent in Azu Ogbunike, Oyi local government area of Anambra State, reportedly lost their valuables to suspected robbers at gunpoint.

PDP kicks as APC wins Katsina bye-election

The Peoples Democratic Party, PDP, has rejected the early Sunday morning declaration of Ibrahim Danjuma, the candidate of the All Progressive Congress, APC, by the Independent National Electoral Commission, INEC, as the winner of the Sabuwa State Constituency Bye-election conducted on Saturday November 30.
Former President Olusegun Obasanjo has listed what Nigeria should do to have access to $12 trillion “dormant funds”.

Border closure: Former President Obasanjo chides Benin, supports Muhammadu Buhari

Former President Olusegun Obasanjo on Tuesday in Addis Ababa backed President Muhammadu Buhari’s stance on border closure, urging Benin Republic to change its ways for a harmonious bilateral relationship with Nigeria.

2019 elections: No evidence of hate speech in Nigerian newspapers – survey

No evidence of hate speech was observed in Nigerian newspapers’ reports monitored between July and September 2019, according to a survey.
Central Bank of Nigeria - CBN

NECA applauds central bank over 60 per cent loan deposit ratio

Nigeria Employers’ Consultative Association (NECA) has applauded the Central Bank of Nigeria (CBN) over it directive to the commercial banks to maintain a minimum Loan Deposit Ratio (LDR) of 60 per cent. The body said this will aid the growth of the real sector of the economy.

Egbin’s output drops to 600Mw to deepen power sector woes

Nigeria’s biggest power station, Egbin, with output capacity of 1320 megawatts (Mw), currently produces 600Mw due to what the Group Managing Director of Sahara Power Group, owners of Egbin, Mr. Kola Adesina, described as “system issue.”
The US Federal Bureau of Investigation (FBI) has arrested Nigerian entrepreneur, Obinwanne Okeke of conspiracy to commit fraud running into the sum of 12 million US dollars.

$11 million cyber fraud: Court forfeits Invictus Obi’s N280 million

A Federal High Court in Lagos has permanently forfeited to the Federal Government the N280,555,010.65 found in bank accounts belonging to two companies owned by ‘Forbes entrepreneur’ Obinwanne Okeke also known as Invictus Obi.
Abdulrahman Abdulrazaq

Kwara governor urged to pay salary arrears

Teachers under the Kwara State Universal Basic Education Board (SUBEB) yesterday urged Governor AbdulRahman AbdulRazaq to pay their four months’ salary arrears.

Anambra girls lose laptops to facebook fraudster

Two girls reportedly lost the sum of N418,000 to a 22-year old suspected facebook fraudster, David Maduabuchi, in Okpoko, near Onitsha, Anambra state.

Property destroyed as fire razes building in Onitsha

Property worth millions of naira were on Wednesday reportedly destroyed in a midnight fire that gutted a bungalow located at No. 26 New Nkisi GRA, Onitsha.
The Bayelsa State Governorship Candidate of the All Progressives Congress (APC), Chief David Lyon, has described the ongoing election in the state as peaceful.

APC: David Lyon’s win demonstrates gradual acceptance of party in South South

The victory secured last week by the governorship candidate of the All Progressives Congress (APC) in Bayelsa state, Chief David Lyon, has been ascribed to the gradual acceptance of the party by the people of the South-South.

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Kabir Marafa, senator representing Zamfara central, says he will remain in the All Progressives Congress (APC) to fight injustice.

Senator Marafa: Governors plotting to replace Adams Oshiomhole with Abdulaziz Yari

Kabir Marafa, a former senator, said some governors are plotting to replace Adams Oshiomhole, national chairman of the All Progressives Congress (APC) with AbdulAziz Yari, former governor of Zamfara state.
Wayne Rooney admits he has a desire to get into football management as he prepares for his return to the English game in January.

Wayne Rooney confesses his ambition to manage after he retires from playing

Wayne Rooney admits he has a desire to get into football management as he prepares for his return to the English game in January.
Caretaker premier Saad Hariri on Thursday made phone calls to World Bank president David Malpass and IMF managing director Kristalina Georgieva, his office said.

Lebanon premier asks World Bank, IMF help with economic rescue plan

Lebanon’s caretaker prime minister Thursday asked international funding bodies for support in drawing up an emergency rescue plan for his protest-wracked country.
The Institute for Peace and Conflict Resolution (IPCR) has pledged to collaborate with the Nigerian Army Resource Centre (NARC) to find practical solutions to insecurity confronting the country.

Yuletide: Army advises Nigerians to be security conscious

Maj.-Gen. Usman Yakubu, Commander Corps of Artillery, Kontagora has called on Nigerians to be more security conscious before, during and after the Christmas and New year festivities.

Insecurity: General Buratai tasks non-commissioned officers

The Chief Of Army Staff, Lt-Gen Tukur Buratai, has called Senior Non-Commissioned Officers (SNCOs) to display fresh innovations in tackling security challenges facing the country.