A former Managing Director of Finbank plc,Okey Nwosu and three other directors were on Tuesday, convicted by a Lagos-High Court for stealing over M18 billion from the bank. Justice Lateefat Okunnu sentenced the suspects to 4 year jail term after ordering them to repay the money Nwosu was arraigned by […]
Day: January 5, 2021
FG solicits China support for covid vaccines
The Federal Government has opened discussion with the Peoples Republic of China over access to its vaccines for the country. The Minister of Foreign Affairs, Geoffrey Onyeama told reporters on Tuesday after a bilateral meeting with Chinese Foreign Minister,Wang Yi.who is on a working visit to Nigeria and other countries […]
Unpaid wages: Magistrate collapses at Governor’s office gate, Calabar
The Ongoing Magistrates’ protest in Cross Rivers State entered the second day on Tuesday, with near fatality as one Magistrate, Richard Bassey slumped at the gate of the governors office. Bassey was immediately revived by his colleagues and taken to a hospital. The magistrates are protesting over unpaid 24 months […]
FG increases electricity tariff by more than 50%
The Nigerian Electricity Regulatory Commission,NERC has approved a new price regime of over 50% hike in electricity tarriffs begining January 1,2021. The development is coming two months after another terrific hike was imposed on Nigerians. NERC’s revised Multi Year Tarriff Order signed by its new Chairman,Engr.Sanusi Garba,on December 30,2020 said […]
Aggrieved Niger Delta militants begin attack on ex- leaders
A group of militants under the aegis of Niger Delta Cleansing Force for Development (NDCFD) has bombed the country home of a former militant leader,’ General Ogunbos’ . It was gathered that the militant leader reportedly escaped being lynched at his home in Southern Ijaw Local Government Area of Bayelsa […]