Saturday, February 27

Tag: Companies

UK government prepared to ‘get tough’ on social media companies over racial abuse
Sport

UK government prepared to ‘get tough’ on social media companies over racial abuse

Both Manchester United and Chelsea have seen players targeted online recently The UK government has said it is prepared to "get tough" on social media companies over racial abuse, threatening fines that could reach "billions of pounds." The issue of online racial abuse has been in the spotlight recently, as players from Manchester United and Chelsea have been victimised. Marcus Rashford said his recent abuse was an example of "humanity and social media at its worst," just days after his Man Utd team-mates Axel Tuanzebe and Anthony Martial were also targeted.
Contractor denies signing agreements for 11 companies, warns officials of commission
News

Contractor denies signing agreements for 11 companies, warns officials of commission

One of the contractors of the Niger Delta Development Commission, NDDC, High Chief Nelson Agbamuche, the Odozi-Ani of Akwukwu Igbo Kingdom in Delta State, has vehemently denied signing contract agreements for eleven different companies. The High Chief made the denial following a recent statement by the Commission, in which it suggested that the chairman, Senate Committee on Niger Delta, Peter Nwaoboshi used eleven companies belonging to Agabamuche to execute the shady contracts worth about N3.6 billion. The contractor said such allegation was a baseless fabrication by mischievous officials and management of the Commission. In a statement he personally signed and made available to DAILY POST on Wednesday, the traditional ruler further describe the allegation as a calculated dec...
Zuckerberg takes swipe at Twitter for fact-checking Trump
News

Zuckerberg takes swipe at Twitter for fact-checking Trump

Twitter CEO Jack Dorsey has defended the platform’s decision to fact-check Donald Trump’s tweets after Facebook chief Mark Zuckerberg questioned the move. Earlier this week, Twitter added fact-checking labels to two tweets from the US president which made unsubstantiated claims about “fraudulent” postal voting in the US. Trump threatened to “close down” social media sites in response, claiming they are biased against him and other conservative voices. Zuckerberg has now also weighed into the argument, telling Fox News that Facebook had a different approach and that private companies such as social media sites should not be the “arbiter of truth”. “I just believe strongly that Facebook shouldn’t be the arbiter of truth of everything that people say online,” he said. “Private com...
Boris Johnson Will not face Criminal Prosecution over Relationship with tech Entrepreneur Jennifer Arcuri
News

Boris Johnson Will not face Criminal Prosecution over Relationship with tech Entrepreneur Jennifer Arcuri

According to the Independent Office for Police Conduct (IOPC), UK Prime Minister, Boris Johnson, will not face a criminal investigation into his dealings with a former model while he was Mayor of London. Last September, a UK Newspaper revealed that Johnson while Mayor of London had a 'close relationship' with US tech entrepreneur Jennifer Arcuri and failed to disclose his relationship with her even though she received thousands of pounds in public business funding from the UK government and was placed on official trade trips. Innotech, Arcuri’s then company, had received £11,500 ($14,073) from London and Partners, the mayor’s promotional agency, for two events in 2013 and 2014 and she attended a trade mission to Singapore and Malaysia in 2014 through Playbox, one of her companies...
Premier league clubs to get prize money to ease financial woes
Sport

Premier league clubs to get prize money to ease financial woes

Premier League clubs are set to be handed millions of pounds due to be awarded at the end of the season to help ease problems caused by the coronavirus outbreak. According to The Times, 20 clubs agreed last week to release some of the funds that are paid out on a team’s final position in the table. They claim that will see each club receive an advance ranging from several million for those at the bottom to a sum of over £20m for the top sides. That also includes a chunk of cash expected to be awarded as “facility fees” – a figure paid for each time a club appears on a live TV broadcast. There is still a quarter of the campaign to be played but the Premier League has already received its broadcast income from overseas TV companies plus Sky Sports and BT Sport domestically. Th...
No free electricity from us, FG is to settle the electricity bills of Nigerians- DisCos clarify
Celebs

No free electricity from us, FG is to settle the electricity bills of Nigerians- DisCos clarify

The Electricity Distribution Companies DisCos have come out to clarify that the two months free electricity is not coming from them but rather the Federal government. The association had released a statement saying it agrees with the proposition by the National Assembly for a Stimulus bill that will provide Nigerians with two months free electricity during the Coronavirus pandemic.   In a chat with TVC on Friday morning, the Executive Director of the Association of Nigerian Electricity Distributors ANED, Sunday Oduntan, said the proposed two months free electricity would only be effective if the Federal government pays for the services rendered by stakeholders in the power industry. ''As patriotic Nigerians and a responsible industry, considering what is going on all over the w...
Germany says Trump Offered German Company $1billion for Exclusive Rights to Coronavirus Vaccine
News

Germany says Trump Offered German Company $1billion for Exclusive Rights to Coronavirus Vaccine

The German government has said that US president Donald Trump recently offered $1billion to exclusively buy rights to a coronavirus vaccine. Trump reportedly offered to buy exclusive rights to German biotech firm Curevac's research into a vaccine against coronavirus. Trump's actions were revealed by German magazine Welt am Sonntag who captioned the paper headline ‘Trump vs Berlin’. Welt am Sonntag, citing an anonymous German government official, reported Sunday that the Trump administration offered CureVac $1 billion to hand the U.S. exclusive rights to a potential COVID-19 vaccine. Trump wants the vaccine "only for the USA," the German official said. The New York Times confirmed late Sunday that the Trump administration attempted to persuade CureVac to move its research to...
Heartbreaking Footage of a Monkey Being Forced to Lift Weights and do Press-ups by it’s Trainer
News

Heartbreaking Footage of a Monkey Being Forced to Lift Weights and do Press-ups by it’s Trainer

A footage has emerged showing a monkey with a chain tied on it's neck, being forced by it's trainer to lift weights, dunk a basket ball and do sit-ups for tourists in Thailand. The monkey named Ning Nang can be seen in the video released by Animal rights group, PETA Asia, lifting a mini barbell complete with weights above its head while it's trainer counts in English. Acording to PETA Asia, teeths of monkeys are removed at young age, so they can be forced to perform activities without being able to bite back or defend themselves against a trainer. Jason Baker, a PETA Senior Vice President, said: "Videos like the one we've just released are helping to change public opinion. “Forcing wild animals to perform is no longer the way to draw a crowd, but there's still much work...
CBN Restricts Milk Importation To Six Companies
Business

CBN Restricts Milk Importation To Six Companies

The Central Bank of Nigeria (CBN) has added milk and dairy products to the list of items not eligible for forex. However, the bank exempted six companies from the restriction. “As part of efforts to increase local production of milk, its derivatives and dairy products, the Central Bank of Nigeria has engaged with some companies in the industry who have keyed into the bank’s backward integration program to enhance their capacity and improve local milk production,” a notice published on the bank’s website on Tuesday read. “Accordingly, all authorized dealers are to note that all Forms ‘M’ for the importation of milk and its derivatives shall only be allowed for the following companies: 1. Friesland Campina WAMCO Nigeria 2. Chi Limited 3. TG Arla Dairy Products Limited 4. Proma...
Italy Ready to Invest in Nigeria’s Agricultural Sector
News

Italy Ready to Invest in Nigeria’s Agricultural Sector

Mr Alessandro Gerbino, Trade Commissioner,  Italian Trade Agency (ITA), on Saturday said the Italian government was ready to invest in Nigeria’s agricultural sector. Gerbino said this at an investment dinner in Abuja. According to him, investing in the agricultural sector will be part of Italy’s effort to strengthen trade relations with Nigeria. He said that as Italy was known for the transformation of raw materials, the Agency would focus on the agricultural sector in dealing with Nigeria. “Our priorities are agro-industrial and food processing pieces of machinery, packaging, storage and everything from the field to the supermarket. “Italy is famous for being able to certify a perfect combination of technology that goes from the source to the consumer at the highest per...
Police Arrest 7 People as they Burst Massive £215m Money Laundering Ring
News

Police Arrest 7 People as they Burst Massive £215m Money Laundering Ring

Seven people have been arrested following a major police raid against money laundering in Northern Ireland. The suspects, six men, and one woman were detained after 15 searches at locations across Northern Ireland on Monday and Tuesday this week. Police Service of Northern Ireland (PSNI) Detective Chief Inspector, Ian Wilson said those targeted include individuals suspected of high-end money laundering through bank accounts in the UK and internationally. He added that : 'Six men aged 33, 37, 39, 40, 50 and 67 and a 32-year-old woman were arrested during the two-day operation.' 'During our extensive investigation, we identified that a significant volume of suspected criminal cash was being laundered out of the country through a number of shell companies and bank accounts held he...
VAT Increase Takes Effect From February 1 – FG tells Nigerians
News

VAT Increase Takes Effect From February 1 – FG tells Nigerians

The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed on Thursday January 16 announced that the increased Value Added Tax (VAT) from 5 to 7.5 percent will take effect from February 1, 2020. Zainab who disclosed this at the inauguration of the Chairman and Board members of the Federal Inland Revenue Service (FIRS) in Abuja, said the Finance Act which President Buhari signed into law made provisions to support Micro, Small and Medium Enterprises (MSMEs) and soften the effect of the VAT rate increase on companies in a bid to increase employment and boost the economy. She said; “I want to state that one of the key provisions in the finance act 2019 that have elicited a lot of interest is the increase in the VAT from 5% to 7.5%, and to remind us all, the finance ...
Lagos 4th Mainland Bridge: 39 Companies Express Interest In Constructing It
News

Lagos 4th Mainland Bridge: 39 Companies Express Interest In Constructing It

A total of 39 companies - indigenous and international - are jostling for the delivery of the proposed Lagos 4th Mainland Bridge following the call for Expression of Interest by Lagos State government. The Expression Of Interest box was opened at the Bagauda Kaltho Press Center with 39 hard copies received while 32 of them were also submitted online as requested. Answering questions from the media at the event, the Special Adviser to Governor Sanwo-Olu on Works and Infrastructure, Engineer Aramide Adeyoye said the present administration is resolute to deliver the 4th Mainland bridge through a process that will build investor-confidence and attract the best bargain for the construction of the highway. Also speaking at the event, the Director-General, Public-Private Partnership,...
EFCC arraigns four men and three companies over unlawful possession of N1.1b gold and €112,800 cash
News

EFCC arraigns four men and three companies over unlawful possession of N1.1b gold and €112,800 cash

Four men and three companies were on Friday arraigned before a Federal High Court in Abuja on charges bordering on unlawful possession of gold valued at over N7.1billion.   They were also accused, in a two-count amended charge, to which they pleaded guilty, of attempt to transport the cash sum of €112,800 without making a declaration of the some to the Nigeria Customs Service (NCS) as required by law.   The four men listed in the charge, marked: FHC/ABJ/CR/80/2019 are: Abba Ali Yahaya, Ali Abdullahi, Aminu Mahmud Adam, Alyu Mohammed, Indo Nigeria Mining Company Limited, A. A. Mai Zinari Ltd and Al-Izzat Trading and Investment Ltd. Aliyu Mohammed, who was described as the Director of Indo Nigeria Mining Company Limited and A. A. Mai Zinari Ltd pleaded on their behalf; ...
Buhari Govt to release N30 Billion for Digital Switch over
News

Buhari Govt to release N30 Billion for Digital Switch over

The National Broadcasting Commission (NBC) says the Federal Government is working on releasing N30 billion to boost the process of Digital Switch Over (DSO) in the country. The Director-General of the NBC, Ishaq Kawu, told newsmen in Lagos on Friday that the money would be released in two batches of N15 billion each. Kawu said that the money would be repaid from resources that would be realised from the list of frequencies to be auctioned. He said that the commission had concluded the digital mapping of the country, to ensure effective DSO rollout. According to him, NBC now has a plan for all the points and locations it is going to have digital transmission facilities, the major population centres in the entire country. ...
Nigerian Customs Begins Online Auction Of Seized Vehicles, Goods
News

Nigerian Customs Begins Online Auction Of Seized Vehicles, Goods

According to The Nation, the Nigerian Customs Service (NCS) has commenced electronic (online) auction of contrabands, including exotic cars of different brands seized from smugglers in Imo/Abia and Edo/Delta commands. Controller of Federal Operations Unit (FOU), Owerri, Comptroller Kayode Olusemire, who made the disclosure while conducting newsmen round the latest seizures made in the zone, said that the auction, which will be done through the internet will be conducted every Monday and Wednesday for the next one month. According to him, interested members of the public can log into the internet designated website and select any of the items listed on the purchase list. The Controller also disclosed that among items to be auctioned electronically were Rolls Royce cars, Mercedes, T...
UK Emphasis on What Buhari govt should fix urgently
News

UK Emphasis on What Buhari govt should fix urgently

The United Kingdom on Tuesday advised the Buhari government to improve the investment climate to attract more investors to Nigeria. UK Foreign Secretary, Jeremy Hunt, said this at a meeting with Vice-President Yemi Osinbajo, during the first Nigeria-UK Economic Development Forum (EDF), hosted by the Federal Government at the Presidential Villa. The EDF was signed in August 2018 by President Muhammadu Buhari and Prime Minister Theresa May in London as a platform to foster economic and development ties between Nigeria and the United Kingdom. He noted that Nigeria’s current demographics require government and other stakeholders to improve efforts and other interventions aimed at tackling unemployment and other challenges. Hunt advised the government to adopt steps aimed at improvi...
Stop wasting money on insulin injections… civil servant gives away herbal remedy that Reverses Type 2 Diabetes, and normalizes blood sugar levels in few weeks!
News

Stop wasting money on insulin injections… civil servant gives away herbal remedy that Reverses Type 2 Diabetes, and normalizes blood sugar levels in few weeks!

Dear friend, If you want a 100% natural treatment, that naturally fight diabetes, normalizes blood sugar and reverses type 2 diabeteswithout depending on prescription drugs or insulin injections, then this short message will show you how. Here's the gist: Within few weeks, I was able to slash 80points from my fast rising blood sugar, using a special "Diabetes Reversal Remedy" that saved me from amputations, constant fear, anxiety and pain due to my type 2 diabetes. The diabetes breakthrough you are about to discover on this page is twice as effective as the leading type 2 drug at normalizing blood sugar, fixing insulin resistance, stopping neuropathy pain, preventing blindness, amputations and other diabetes problems. The herbal remedy have been used successfully by over 2,300...
GenCos release 4,117 MW of electricity on April 1
News

GenCos release 4,117 MW of electricity on April 1

The report, which was compiled by the Advisory Power Team, Office of the Vice President, was made available on Tuesday in Abuja. It said that the energy released by the companies was up by 123.17 megawatts hour from the figure delivered on Sunday. It said 1,977.50 megawatts could not be generated due to unavailability of gas. Similarly, 190 megawatts was not generated due to unavailability of transmission infrastructures, while 744 megawatts was not generated due to high frequency resulting from unavailability of distribution infrastructures. It said 150 megawatts was recorded as losses due to water management procedures. The report revealed that the power sector lost an estimated N1.4billion on Monday due to the factors of insufficient gas supply, distribution and transmiss...
I Was Not Arrested – Mike Adamu
News

I Was Not Arrested – Mike Adamu

Businessman, Mike Adamu has denied being arrested or detained by the Nigerian Police over a purported court order. Mr. Adamu, who is the CEO of Reform Sports West Africa Limited and son of Amos Adamu, former Director-General, National Sport Commission, made this assertion via a press statement he signed and sent to the media on Sunday. The statement became necessary after a number of media platforms went to town with reports that Adamu had been detained based on the order of a Magistrate Court in Mpape, Abuja. In the statement, Adamu vowed to pursue the matter to a logical legal conclusion. Read below: My attention has been drawn to false online and print media reports suggesting to the public that I was arrested, arraigned and ordered to be remanded in custody by a magistra...
DSS Arrest Journalist Again, Jones Abiri
News

DSS Arrest Journalist Again, Jones Abiri

Publisher of Weekly Source Newspaper, Jones Abiri has reportedly been re-arrested by the Department of State Services (DSS). According to reports, Abiri was reportedly picked up on Saturday March 31st at Ayabowei Plaza in Yenagoa, the Bayelsa state capital, while he was having a discussion with his colleagues. DSS first arrested Abiri in 2016 after he was accused of being the leader of the joint revolutionary council of the separatist group, Joint Niger Delta Liberation Force. He was also accused of threatening oil companies and demanding money from them He was granted bail in August 2018 when an Abuja magistrate court struck out a suit against him after being held in detention for two years. When contacted to react to the report, Peter Afunanya, DSS spokesman, however said he...
CAC Registers 3,098,193 Companies In 28 Years
News

CAC Registers 3,098,193 Companies In 28 Years

The Corporate Affairs Commission (CAC) on Tuesday revealed that it had registered 3,098,193 companies and firms in Part A, B and C categories from its inception in 1990 to March 21. The Acting Registrar General of CAC, Mrs Azinge Azuka disclosed this at the commission customers forum in Abuja. Azuka said that in the last three years, the statistics on registration of firms and companies under Parts Limited Liability Company (A), Business Name (B) and Incorporated Trustee (C) was 618,309. She explained that in 2016, the council got the sum of 175,098 from the LLC (A), 193,194 from Business name (B) in 2017 and 252,035 from Incorporated Trustee (C) in 2018. Azuka said the number of Annual Returns filed under the Parts A,B and C in the last three years was 190,078. According to her...
Jordyn Woods Bombarded ‘With Lucrative Business Deals’ After Kardashian Cheating Drama
Lifestyle

Jordyn Woods Bombarded ‘With Lucrative Business Deals’ After Kardashian Cheating Drama

According to The Blast, Jordyn’s widely watched sit-down with Jada Pinkett Smith on the Red Table Talk earlier this month has led to her being “flooded with calls from companies who want to get their brands seen with the star.” Jordyn is on her way to London with her and manager and mother Elizabeth Woods at the end of the month to sign “several new deals” that includes her designer line of eyelashes. In addition, The Blast writes that after her London trip, she’ll head to the Middle East and Dubai to make several appearances and “[lock] up some ‘huge financial deals.”
Diamond Bank And Access Bank Merger Approved By Shareholders
News

Diamond Bank And Access Bank Merger Approved By Shareholders

Diamond Bank Plc (“Diamond Bank”) and Access Bank Plc (“Access Bank”) today announced the approval of their merger by shareholders of Diamond Bank and Access Bank, respectively. Shareholders of both entities have voted in favour of the Scheme of Merger, as outline below, paving the way for the completion of the transaction.   The Central Bank of Nigeria (CBN) and the Securities Exchange Commission (SEC) had earlier, granted Approvals-in-Principle for the respective Scheme of Merger of both banks. Subject to final regulatory approvals, including the High Court Sanction of the Scheme, the combined business will start operating on April 1st, 2019. “I’m delighted that the shareholders of both companies share our vision and have supported this merger. The merge...
Nigerian Lady States why “Many Married Women Are now Feeding Their Husbands”
News

Nigerian Lady States why “Many Married Women Are now Feeding Their Husbands”

A Nigerian lady is currently on social media after a video of her stating  why many married women are feeding their husbands, went viral. In the one-minute video, the lady whose name is unknown, said most men in Nigeria have now turned to house husbands because of unemployment. She opined that most companies now want to give jobs to women than men. Watch the video below:
Arsenal Supporters Slam UEFA over Kick-off Time against BATE
Sport

Arsenal Supporters Slam UEFA over Kick-off Time against BATE

Arsenal Supporters’ Trust has blasted UEFA’s decision to schedule the club’s Europa League fixture against BATE Borisov at 5.55pm tonight. The Gunners host BATE Borisov at the Emirates Stadium as they look to overturn a 1-0 deficit and advance to the last 16 of the competition. However, many fans will struggle to attend the game due to the awkward kick-off time. AST has subsequently written to UEFA to complain, describing the situation as ‘unacceptable’ and criticising the governing body’s treatment of fans. The letter read: “This is a totally unacceptable and inconvenient kick-off time for a vast number of Arsenal fans who have to travel to the game after work from across London, the South East and further afield. “The result will be a huge number of empty seats. This is ...
39-Year-old Woman Arrested For Defrauding Church Of N100m in Ogun State
News

39-Year-old Woman Arrested For Defrauding Church Of N100m in Ogun State

The Ogun State Police Command has arrested a woman for allegedly defrauding a Christian faith-based organisation to the sum of N100m. The suspect, 39-year-old Iwuagwu Onyinyechi was arrested under the pretence of assisting the organisation to raise fund for its charity programme Speaking to newsmen on Sunday, Police spokesperson, Abimbola Oyeyemi, said the lady was arrested after a petition written by a Lagos-based lawyer of the organisation, Godswill Ojakovo, to the Ogun State Commissioner of Police, in which he complained that his client was defrauded by the suspect through an act of forgery. According to Oyeyemi, the suspect claimed to have got a Local Purchase Order (LPO) from a property company and appealed to the organisation to help fund the LPO, consequent upon which a sum...
Companies Are Stingy, They Only Ask Me For Dinner Dates – Yvonne Nelson
Celebs

Companies Are Stingy, They Only Ask Me For Dinner Dates – Yvonne Nelson

Actress Yvonne Nelson has stated that Ghanaian corporate companies are very stingy and only ask her out for dinner. According to her, when she goes to offices to seek for sponsorship for her projects, the only thing they can offer is to take her out for dinner. Yvnone Nelson made this known while speaking on the “Atuu” show with Abeiku Santana on UTV. She said: “Ghanaian companies are stingy. They will only waste your time. You will take your proposal on several occasions and in the end they ask you, Can we go out? Can we have dinner?” Yvonne Nelson went on to state that she doesn’t entertain such request especially when she came with a mindset for business. “I didn’t come to your office to have dinner with you. I came to do business. You don’t entertain stuff like that”, she added....
Unemployed Graduate Gets An unexpected Miracle By Opened Up to a HR Person Who Called Him for An Interview
News

Unemployed Graduate Gets An unexpected Miracle By Opened Up to a HR Person Who Called Him for An Interview

A Twitter user has narrated how her cousin, who has been unemployed for 6 years, got an unexpected miracle. She said the HR of one of the companies where her cousin applied for a job called him to come for an interview. But he begged for more time because he wasn't ready. When the HR asked him his reason, he explained that he doesn't have money to transport himself to the venue and to buy presentable clothes. The HR confided in her colleagues about this and they contributed for the young man. They also offered him a job on Monday, January 28. Read the tweets below.  
Sodje Brothers – When Charity Turned Messy
Sport

Sodje Brothers – When Charity Turned Messy

It’s not uncommon for sports personalities to get involved in charity as a way of giving back to the society and most of them have uplifted humanity around the globe with their charities but the Sodje brothers are in trouble over their charity organisation However charity took another dimension when a sporting family siphoned off cash from their own charity set up to help African children. Former Nigerian international, Efe Sodje, 46, and his two brothers-Stephen Sodje, 43, and ex-rugby player Bright Sodje, 52, were found guilty and jailed for the fraud in 2017. The case was reported following the conclusion of a separate trial involving former Reading and Nigeria footballer Sam Sodje, 39. Earlier on Monday, he was cleared at the Old Bailey of money laundering. The fraud trial in 2...
Sports Betting In Uganda Banned
Sport

Sports Betting In Uganda Banned

Sports betting in Uganda banned by President Yoweri Museveni who ordered that no new licences should be issued to sports betting companies nor renewing of permits for the existing ones. According to Minister of State for Finance, Mr David Bahati, the President gave the directive saying that gambling has diverted the attention of the youth from hard work. “We have received a directive from President Museveni to stop licensing sports betting, gaming and gambling companies. The President has now directed the board which has been regulating them. From now onwards, no new companies are going to be licensed. Those which are already registered, no renewal of licences when they expire,” Mr Bahati revealed on Sunday during a church service in Rugarama Hill in western Kabale town. Mr...
Staff Forced to Crawl On Street For Missing Annual Targets
News

Staff Forced to Crawl On Street For Missing Annual Targets

Some staffs were forced to get on their hands and knees and crawl through the streets, as punishment for missing their annual targets. According to reports, workers from a company in Tengzhou, China, were ordered to crawl through busy traffic yesterday afternoon. According to btime.com, all of the staff members seen crawling in the video were women who worked for a company which sells beauty products. The line of workers can be seen being led down the street by a male employee who is carrying a large red flag, which allegedly has the name of the firm emblazoned across it. Reports claim police turned up after having been informed of the incident, ordered the supervisor to put an end to the punishment and even gave him a verbal warning. It’s reported that the company involved ...
EFCC Arraigns Doyin Okupe For N702 Million ‘Arms-gate’ Fraud
News

EFCC Arraigns Doyin Okupe For N702 Million ‘Arms-gate’ Fraud

Today, the Economic and Financial Crimes Commission arraigned Doyin Okupe, a former Senior Special Assistant to former president, Goodluck Jonathan, on a 59-count charge bordering on “money laundering and criminal diversion of funds” to the tune of N702, 000, 000 (Seven Hundred and Two Million Naira) only. Okupe was brought before Justice Ijeoma Ojukwu of a Federal High Court, Maitama, along with two companies, Value Trust Investment Ltd and Abrahams Telecoms Ltd allegedly involved in the commission of the fraud. One of the counts reads: “That you, Dr. Doyin Okupe, being the Senior Special Assistant to President Goodluck Jonathan from July 2012 to May 2015, and being the Managing Director/Chief Executive Officer, and a signatory to the bank account of Abrahams Telecoms Ltd, o...
Loyal To The Bone… Why Kola Karim is Supporting Atiku Abubakar
Lifestyle

Loyal To The Bone… Why Kola Karim is Supporting Atiku Abubakar

At a time when romancing or identifying with the presidential aspiration of Alhaji Atiku Abubakar is viewed as anathema or felony among supporters of the government of the day, with the concomitant shrivelling of campaign finances, a silver lining has appeared in the Waziri’s dark campaign cloud. The diminutive businessman and Group Managing Director/CEO, Shoreline Group, Kola Karim, has thrown his weight, warts and all, behind Atiku. It was reliably gathered that when the searchlight was beamed on prospective sponsors of the Atiku campaign, necessitating their slinking into their shells, while bank MDs who usually funnel funds to top political aspirants followed suit, Atiku and his advisers turned to some international businessmen for help, some of who stopped taking their calls f...
ANWFCC Tasks NFF on Women Football
Sport

ANWFCC Tasks NFF on Women Football

Officials of the Association of Nigeria Women Football Club Coaches (ANWFCC) have alerted the Nigeria Football Federation (NFF) and club sides to visit the practice pitch of the National Stadium Lagos to get young and talented players from the ongoing 23rd All Stars Women Football Carnival. A total of 284 players from different parts of the country have been drawn in 18 teams as they jostle for the All Stars trophy and also target being engaged by cubs for Nigeria Women League and FA cup action later in the year. As it kicked off officially on Thursday morning, Vice President of ANWFCC, Chinedu Ogbenna said they are highly impressed with the turnout of players from different parts of the country and hope that the NFF and club officials would be on the ground to get budding ta...
Siasia, Yobo, Others Set for Tap initiative PVC-football Awareness Match
Sport

Siasia, Yobo, Others Set for Tap initiative PVC-football Awareness Match

Super Eagles 1994 and 2013 AFCON winners will be playing a PVC novelty match at the Legacy Pitch, inside National Stadium Surulere, Lagos on the 9th of February, 2019. This novelty match tagged ‘#PVCFootball’ is organised by TAP initiative, a non-governmental and non-partisan organization that advocates for young people’s role in the national reawakening of socio political and economic systems for sustainable development. The goal of the #PVCFootball novelty match is to use soccer games as a tool to organise and galvanize voices of young people to participate in the upcoming elections. According to the Executive Director of Tap initiative, Mr Mbasekei Martin Obono, “Young people between the ages of 15 and 35 years constitute one-third of Africa’s population. However, youth’s i...
FIRS Targets N8tn Revenue in 2019
News

FIRS Targets N8tn Revenue in 2019

The Federal Inland Revenue Service (FIRS) has set a N8 trillion revenue target for 2019 This came as it also confirmed that it collected a total sum of N5.32 trillion in 2018, the highest revenue receipt since 2012 when it realised N5.07 trillion. The Executive Chairman, FIRS, Tunde Fowler, gave the figures Monday at a retreat on “Parliamentary Support for Effective Taxation of the Digital Economy” held in Lagos. The N5.3 trillion revenue for last year was seen as significant particularly at a period when oil prices averaged $70 per barrel. Oil price average of $100 to $120 per barrel between 2010 and 2013- but tax receipts fell below the 2018 estimates. The non-oil component of the N5.320 trillion was N2.467 trillion representing 53.62 per cent of the total collection, wh...
Two Ghanaians arrested for robbing a truck driver with acid
Uncategorized

Two Ghanaians arrested for robbing a truck driver with acid

Two Ghanaians have been arrested in Edo state for allegedly robbing a truck driver of his vehicle and goods with acid. The Force spokesman, DCP Jimoh Moshood confirmed the arrest to newsmen in Lagos, stressing that the suspects carried out the crime in Edo on December 9, while they were arrested in Enugu State. He said that the suspects allegedly poured raw acid on Taiwo Adesanya after robbing him at the Olukwu area of Benin City of his truck with goods. He said that the suspects, Eric Aidan and Matthew Kwasha, are notorious criminals who specialise in killing their victims with raw acid after dispossessing them of their belongings, especially vehicles. Moshood revealed that the suspects were currently being detained at IRT Cell in Ikeja , Lagos, noting that their mode of operatio...
Maiduguri Residents Decry YEDC’s Outrageous Electricity Billings
News

Maiduguri Residents Decry YEDC’s Outrageous Electricity Billings

  Some electricity consumers in Maiduguri have decried the outrageous electricity billings by the Yola Electricity Distribution Company (YEDC). Some of the residents, who spoke with the News Agency of Nigeria (NAN) on Tuesday, described the development as worrisome, adding that it was not in the interest of the masses, because it has hindered economic activities and social life of the people. They also alleged that YEDC jacked up their electricity bills by over 100 per cent for commercial and residential areas sequel to appreciable improvement in power supply in the area. Mr Esther Chukwuma, one of the consumers, described the new billing adopted by the power distribution companies as frustrating and lamentable. “My bill indicated that I used 605 units in November and t...
Recapitalisation Cancellation Spurs Demand for Insurance Stocks
News

Recapitalisation Cancellation Spurs Demand for Insurance Stocks

Recent decision by the National Insurance Commission (NAICOM) to cancel its controversial recapitalisation exercise in the insurance sector is impacting positively on insurance stocks, THISDAY’s investigation has revealed. The recapitalisation exercise tagged, ‘Tier Based Solvency Capital Increase,’ was announced in July by NAICOM and the regulator then gave operators   January 1, 2019 deadline to comply with the exercise.  However, the insurance industry regulator later shifted the compliance date to October 1, 2018.   This development attracted opposition from operators and shareholders with some  going to court to stop NAICOM from implementing the policy. However, the commission in a circular dated November 23, 2018, bowed to pressure and announced the cancellation of the exercise...
FG Blames N’Assembly for Delay in 2019 Budget Presentation
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FG Blames N’Assembly for Delay in 2019 Budget Presentation

                                                               Udo Udoma The federal government has placed the blame for the delay in the presentation of the 2019 budget by President Muhammadu Buhari at the doorstep of the National Assembly. This was the position expressed by the Minister of Budget and National Planning Udoma Udoma, who briefed State House Correspondents after Wednesday’s Federal Executive Council (FEC) meeting in company with the Minister of Information and Culture, Alhaji Lai Mohammed, and Minister of Transport, Hon. Rotimi Amaechi. Udoma said the budget is ready for presentation and that the council has been waiting for the National Assembly to give a date for the presentation. He also said that N7.13 billion has been approved for six companies to protect ...
TCN Targets 20,000mw Electricity Transmission by 2021
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TCN Targets 20,000mw Electricity Transmission by 2021

The Transmission Company of Nigeria (TCN) has set a target of 20,000 megawatts of electricity transmission by 2021. The Managing Director, TCN, Mr. Usman Mohammed, who made this known Monday when he presented the company’s 2018 scorecard to State House correspondents in Abuja, said efforts are geared towards giving Nigerians adequate supply of electricity. “We have established transmission, rehabilitation and expansion programme. The main objective of this is rehabilitate, stabilise and expand the delivery capacity of TCN to at least 20,000 megawatts by 2021 and we are on track,” Mohammed said. According to him, the transmission capacity has been improved by over 3,000 megawatts between February and December 2018, an indication that the rehabilitation and expansion programme i...
Fashola: FG not Ready to Give Sovereign Guarantees to Power Investors
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Fashola: FG not Ready to Give Sovereign Guarantees to Power Investors

Babatunde-Fashola The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has stated that the federal government is no longer keen on providing sovereign guarantees to investors interested in building new power plants in the country. The government’s new position may not be unconnected with a not-too-palatable experience with the Azura Power project in Edo State Instead of providing sovereign guarantees, the government, Fashola said, would support interested investors with stable conditions for their investments. The minister also stated that it was reasonable for the Nigerian Electricity Regulatory Commission (NERC) to ensure that distribution companies (Discos) in the country comprehensively provide meters to consumers in their networks before the regulatory ag...
EFCC Arraigns SMEDAN Director over Alleged N700m Fraud
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EFCC Arraigns SMEDAN Director over Alleged N700m Fraud

The Economic and Financial Crimes Commission (EFCC) Monday arraigned a Deputy Director, Account and Finance in the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Babatunde Osho, before Justice Nnamdi Dimgba of the Federal High Court, Abuja, on a 41-count charge, bordering on forgery, fraudulent acquisition of properties and money laundering to the tune of N700 million. Osho was accused of diverting the said money, meant for constituency projects and awarded same to his personal companies. According to a release by the Acting Head of Media and Publicity, Tony Orilade, the Deputy Director was arraigned alongside Midset Agro Services Limited, Just Fair Investment Limited, and Tufik Associates, companies he is signatories to. Orilade said investigations into th...
Nigeria Loses $6bn from ‘Corrupt’ Oil Deal Linked to Fraud
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Nigeria Loses $6bn from ‘Corrupt’ Oil Deal Linked to Fraud

A court in Milan is considering charges of corruption against Eni and Shell in a controversial oil deal that led to Nigeria losing an estimated $6 billion. The campaign group Global Witness has calculated the OPL 245 deal in 2011 deprived Nigeria of double its annual education and healthcare budget. Eni and Shell are accused of knowing the money they paid to Nigeria would be used for bribes. The Italian and Anglo-Dutch energy giants deny any wrongdoing. This unfolding scandal, which is being played out in an Italian court, has involved former MI6 officers, the FBI, a former President of Nigeria, as well as current and former senior executives at the two oil companies. Global Witness has spent years investigating the deal which gave Shell and Eni the rights to explore OPL...
FG To Sanction Companies That Fail To Observe Public Holidays
Politics

FG To Sanction Companies That Fail To Observe Public Holidays

The Federal Government has called on Nigerians to ensure the strict observance of all public holidays according to the provision of the law. Disclosing this in a statement in Abuja on Friday, the Minister of Interior, Lt Gen. (rtd) Abdulrahman Bello Dambazau stated that the laws establishing public holidays are contained in the Public Holidays Act of 1979, which states that, “The days mentioned in the Schedule to this Act shall be kept as public holidays throughout Nigeria.” The minister urged all Nigerians irrespective of their Organisations, Institutions or affiliations to ensure they obey and observe all holidays declared by Government, adding that according to the Act, “no person shall be compellable to do any act on a day appointed by or under the provisions of this Act to b...
Buhari’s government worsened corruption, chased off investors – Jonathan
Politics

Buhari’s government worsened corruption, chased off investors – Jonathan

Former President Goodluck Jonathan says his successor, President Muhammadu Buhari’s government, not only worsened the level of corruption in Nigeria but also chased away investors by de-marketing Nigeria abroad. According to the Punch, Jonathan added that rather than take Nigeria to the next level, the Buhari administration decided to engage in media trials which also worsened the corruption perception of Nigeria thereby leading to Nigeria’s slip in the Transparency International Corruption Perception Index. The former President said this in his recently published book titled, ‘My Transition Hours’. He said: “The sundry accusations by the new administration will appear to have baited the media. Media trials are entertaining but have little or no effect in fighting corruption an...
LCCI: Infrastructure Deficit Erodes Nigerian Business’ Competitiveness
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LCCI: Infrastructure Deficit Erodes Nigerian Business’ Competitiveness

The Lagos Chamber of Commerce and Industry (LCCI) has raised the alarm that high excise duties on locally-produced goods and challenges of exporting made-in-Nigeria products, as well as the inaccessibility of the Lagos ports on account of the bad roads, have created an excruciating business environment, which has seriously hamstrung business activities in the country and eroded the country’s capacity to compete. The LCCI, whose position was contained in a report titled, ‘Infrastructure Deficit in Nigeria: The Way Forward, the LCCI,’ decried the challenges of exporting made-in-Nigeria products to other ECOWAS countries and poor investment climate. The report acknowledged that infrastructure play critical role in promoting economic growth, improving standards of living, poverty reducti...
Shell, ExxonMobil May Sign Oil Swap Deals, Says NNPC
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Shell, ExxonMobil May Sign Oil Swap Deals, Says NNPC

• Crude price steady as US grants Iranian oil waivers to eight countries Ejiofor Alike with agency reports The Nigerian National Petroleum Corporation (NNPC) has stated that it could sign crude-for-product deals with Shell and ExxonMobil, similar to one signed with BP recently. This is coming as the news of the waivers granted by the United States to eight countries to buy Iranian oil for a while helped to stabilise oil prices yesterday with the price of Brent steady at $72.83, while the US light crude was 15 cents lower at $62.99 per barrel. NNPC had announced last Wednesday that it had signed such a deal with BP and would provide more details later. “Unfortunately, Shell and ExxonMobil exited the downstream sector in Nigeria a couple of years ago but they are coming ba...