NSA probes N15bn recovery

The National Security Adviser (NSA), Major General Mohammed Monguno (rtd), has begun an investigation into the recovery of about N15 billion by the Economic and Financial Crimes Commission (EFCC). This is as President Muhammadu Buhari has directed the Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami (SAN), to submit a report on the recovery. The EFCC had, last week Wednesday, recovered $43.4 million, £27,800 and N23.2 million totalling about N15 billion from a private apartment at the Osborne Towers in Ikoyi, Lagos. New Telegraph was informed…

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Local oil firms walking a tight rope

Indigenous firms are the worst-hit by myriads of challenges bedeviling the oil and gas industry. ADEOLA YUSUF reports on how many of them are running into bankruptcy     Aiteo, an indigenous oil firm, made the headlines penultimate week; basking in the euphoria of its new status as the biggest Nigerian- owned oil firm in terms of production, hitherto known by many as the petroleum product trading firm, it announced the production of the largest share of the 313,602 barrels per day output from indigenous companies. The firm’s management cannot…

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Economic recession: PDP asked to apologise to Nigerians, Buhari

An political group, Buhari Support Organisation (BSO), Enugu State chapter, has demanded an apology from the Peoples Democratic Party (PDP) over what it described as the damage inflicted on the Nigerian economy by the immediate past administration of Dr Goodluck Jonathan. BSO made the request while reacting to statement issued by the Ahmed Makarfi faction of the PDP on President Muhammadu Buhari’s Easter message. Speaking through its Publicity Secretary, Mr Eze Chibueze, the group said the PDP should rather apologise to Nigerians, instead of ‘insulting our collective intelligence with their…

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Dickson signs 2017 budget, education bill into law

Bayelsa State Governor, Seriake Dickson, has signed the 2017 Appropriation Budget of N243.2 billion and the Educational Development Trust Fund Amendment bills into law. It will be recalled that the governor proposed an educational trust fund bill to help the less privileged in the state acquire education. Assenting to the bills at the Government House, Yenagoa, the governor said the budget, christened “Budget of Repositioning for Consolidation,” was aimed at completing various ongoing projects in the state. Dickson, who noted that the government appropriated N111 billion for capital projects alone,…

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Furore over WAEC’s new examination diet

DISAGREEMENT Less than one week that the West African Examinations Council (WAEC) unfolded plans to introduce a new diet for external candidates, key stakeholders have faulted the move, kicking that it would not see the light of the day   While Nigerian students and their parents are yet to recover from the confusion generated by this year’s Unified Tertiary Matriculation Examination (UTME) registration, the West African Examinations Council (WAEC), last week, introduced a new diet in its examinations, which has continued to generate debate among stakeholders. With the new diet,…

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Vigilantes beat man to death with charms

A 28-year-old businessman, Tayo Olatunbosun, has been allegedly killed by two members of Vigilante Service of Nigeria (VSN) at Adiyan, a community in Ifo Local Government Area of Ogun State. The vigilantes, identified as Ismaila Jimoh and Hassan Olatunde, have been arrested by the police. The suspects were said to have nabbed Olatunbosun, who was selling phones and laptops, in the Adiyan area on Saturday for allegedly stealing a hair dryer. The vigilantes reportedly beat Olatunbosun with charms and later took him to the Agbado Police Station about 10 p.m.…

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Rivers: Defections drive APC to the edge

EMMANUEL MASHA reports on the gale of defections among chieftains and members of the All Progressives Congress (APC) in Rivers State since after the National Assembly rerun elections in the state in which the Peoples Democratic Party (PDP) emerged victorious   A few months before the legislative rerun elections in Rivers State, the camp of a senatorial candidate of the All Progressive Congress (APC) was bubbling as party leaders expressed optimism about the party’s chances in the election. But, when the Independent National Electoral Commission (INEC) announced the result, it…

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