Recovered N15bn above what FG’s agency can keep –Sagay, SANs

Three Senior Advocates of Nigeria (SAN); Prof. Itse Sagay, Dr. Biodun Layonu, Mr. Seyi Sowemimo and the second Vice-President of the Nigerian Bar Association (NBA), Mr. Monday Ubani, have said that the sums of $43,449,947, £27,800 and N23,218,000 totalling about N15 billion recovered by the Economic and Financial Crimes Commission (EFCC) from an apartment in Ikoyi area of Lagos were far in excess of what an agency of government can keep. They made the observation while reacting to reported claim by the National Intelligence Agency (NIA), Nigeria’s external secret police,…

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Need for transparency in NSE’s demutualisation

With demutualisation of the Nigerian Stock Exchange (NSE) finally approved, there’s need for transparency in the implementation of the programme. Chris Ugwu writes In charting the course of actualising a world class market and also ensuring that enough time is allowed and due process followed, members of the NSE, after many years of consultations, recently consented to demutualisation of the Exchange. The approval will enable the local bourse to finally achieve its goal of converting from non-profit organisation to profit-making entity. The idea of demutualising NSE was mooted in 2001…

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FG re-arraigns Dasuki over alleged money laundering, possession of firearms


The Federal Government, yesterday, rearraigned a former National Security Adviser (NSA), Col. Sambo Dasuki (rtd) before the Federal High Court sitting in Abuja over alleged laundering of $190,000 and N42 million. Also included in the seven-count criminal amended charge filed against the embattled former NSA was illegal possession of firearms. Dasuki had earlier on September 1, 2015 been arraigned before Justice Adeniyi Ademola of the same court on a five-count criminal charge. He, however, pleaded not guilty to the amended charge when it was read to him. Defense counsel, Ahmed…

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No condolence register for Hamilton at NFF

A week after the demise of former national team player and Coach, Paul ‘Wonder Boy’ Hamilton, the Nigeria Football Federation is yet to open a condolence register in his honour. Apart from the statement posted on the NFF website announcing his death, the entire football house did not deem it fit to display a register at its headquarters for football fraternity and the general public. Hamilton who was a member of staff of the federation for many years before his retirement was being owed pensions running into months which the…

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The havoc of name-change


Sometime last week I was reading a newspaper report about some coming books where the author, Bisi Daniel, was described in flowery terms as a seasoned journalist and writer. I cracked my brain to see if I could figure out who this person was. Of course, I did not expect to “know” all top flight journalists but imagined that the name should at least ring a bell. It was not until I read further, when some of the earlier works of the author were mentioned that I screamed. Bisi Ojediran…

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Seyi Law: Comic entertainer

Idileoye Oluwaseyitan Lawrence Aletile, with the stage name, Seyi Law is a frontline comedian, actor and master of ceremony. He has continued to soar in comic entertainment since hitting limelight following his success at the A.Y Open Comedy Mic in 2006. Since then, he’s been known as a top comedian in the country. He also has dozens of comedy skits on Youtube. He is the founder of ‘I must laugh’ show. Fortunately, after winning the AY Show, Opa Williams invited him and he has performed in several of his shows.…

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