Monday , 8 February 2016

Metro News

AMCON Finally Takes Over Aero Contractors


The Asset Management Company of Nigeria, AMCON, has dissolved the Board of Aero Contractors and appointed a Manager over the affairs of the airline. The move is in furtherance of the company’s statutory responsibility of acquiring Eligible Bank Assets and putting them to economic use in a profitable manner. AMCON, …

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Court Denies Okah Bail Over Ill-Health


One of the accused persons standing trial for the October 1, 2010 Independence Day bombing in Abuja, Charles Okah, yesterday had his bail application thrown out by a Federal High Court in Abuja. Okah hinged his bail application on grounds of ill-health. The suspect, who was arraigned by the Attorney …

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Army Arrests Suspects Behind Agip, Escravos Pipelines’ Bombings In N/Delta


The military task force deployed to protect oil facilities in the Niger Delta code name “Operation Pulo Shield”, says it has arrested suspected vandals behind the recent pipeline bombings in the region. The suspected vandals had blown up crude and gas pipelines at Esc​r​avos, Delta​ State,​ resulting in the shut-down …

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Nigerians May Starve To Death By 2050 – Audu Ogbe


The Presidency, yesterday, raised alarm that Nigerians would starve to death by 2050 if nothing was done to ensure an all year round farming, as the population of the country would have risen to 509 million, considering the current population growth rate. According to the Federal Government, the present mode …

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REVEALED: 220 Companies Owe AMCON N1.14trn

Amcon MD

Asset Management Corporation of Nigeria (AMCON), yesterday, said that Seawolf Nigeria Limited and 219 other companies are indebted to it to the tune of N1.14 trillion. The corporation established to revive the financial system by efficiently resolving the non-performing loan assets of the banks in the Nigerian economy disclosed this …

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Supreme Court Rules On Saraki’s Case Today


The Supreme Court will deliver judgment on the appeal seeking to quash the 13-count charge the Federal Government filed against the Senate President, Dr. Bukola Saraki, before the Code of Conduct Bureau, today. The judgment will be delivered by a seven-man panel of Justices of the apex court, led by …

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NCC Joins The Judiciary To Fight Cybercrime

NCC-logo (1)

The Nigerian Communications Commission (NCC), says it is collaborating with the Ministry of Justice and other government agencies to address the menace of cybercrime, financial fraud and other cross border crimes in Nigeria. Speaking on Thursday at the fourth day of the maiden annual conference on combating financial fraud, cybercrime …

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Amaechi Visits Ondo As FG Moves To Reimburse State For Projects Executed

Mimiko and amaechi

Minister of Transportation, Hon. Chibuike Amaechi on Thursday paid a courtesy visit to Ondo State Governor, Olusegun Mimiko over talks on reimbursing Ondo as regards the rehabilitation and reconstruction of some federal roads within the state. He was earlier in Osun State. Ondo state government had appealed to the Federal …

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Nigeria Now A Safe Haven For Investment, Minister Says


Minister of State for Budget and National Planning, Mrs. Zainab Ahmed, has urged potential investors in Nigerian to take advantage of the present wave of change to tap from the huge benefits inherent in the economy. She described Nigeria as a safe haven for foreign investors. Speaking on Thursday when …

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N500m Suit: Abike Dabiri, Diamond Bank To Settle Out Of Court

Abike Dabiri-Erewa

A former member of the House of Representatives, Hon. Abike Dabiri-Erewa and Diamond Bank have opted for an out of court settlement in the suit she instituted against the bank for publishing her name on the list of bank debtors who fail to liquidate their debts, as directed by the …

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We’ll Avert More Attacks If Villagers Are More Vigilant – FG


The federal government has blamed the repeated insurgent attacks on villages in northeast Nigeria on poor intelligence gathering by locals. Secretary to the Government of the Federation, David Babachir, who went on an on-the-spot assessment on the insistence of the President was accompanied by the Minister of State for Health, …

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MASSOB Ask FG To Conduct Referendum For Secession Now Or Face Total Shutdown Of S/East, Lagos


The Movement for the Actualization of the Sovereign State of Biafra, MASSOB, Thursday, asked the Federal Government to quickly conduct a referendum in the south-east geopolitical zone as a precursor to secession or be confronted with a total shutdown of socio-economic activities in the region and beyond. The group also …

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Economic Downturn: Osun Urge Farmers To Focus On Commercial Production Of Cash Crops

Grace Titi Laoye-Tomori

Farmers in Osun State have been urged to focus on mass production of cocoa and other farm produce in a bid to improve the economic status of the state at a time of dwindling revenue from oil. The State Deputy Governor, Mrs. Grace Titi Laoye-Tomori, made this call while speaking …

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FG Committed To Revamping Rail System – Amaechi


Transport Minister Rotimi Amaechi says the main focus of the Federal Government is to revamp the Rail System to make transportation easy and accessible to all Nigerians. Speaking to reporters on Thursday at the Government House in Oshogbo, the Osun State capital, the minister said he was in the state …

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Free El-Zakzay Or We Shun Judicial Panel Of Inquiry – Shi’ites


The Islamic Movement in Nigeria otherwise known as Shi’ite sect, yesterday reiterated its stand that it would only appear before the Judicial Commission of Inquiry set up by the Kaduna State Government to look into the December 2015 clash with the Army in Zaria, if its leader, Sheik Ibrahim El-Zakzaky …

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Shell Announces 10,000 Jobs Cut In 2016

Royal Dutch Shell Company

Royal Dutch Shell, the parent company of Shell Petroleum Development Company (SPDC) of Nigeria, has announced some 10,000 staff and direct contractor jobs’ cut across its global companies in 2016. The CEO of Royal Dutch Shell, Ben van Beurden, who made the disclosure in a webcast on its 2015 fourth quarter and …

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MASSOB Asks FG To Conduct Referendum On Biafra Or Risk Shutdown Of The Economy


The Movement for the Actualization of the Sovereign State of Biafra (MASSOB), Thursday, asked the Federal Government to quickly conduct a referendum in the south-east geopolitical zone ahead of its planned secession or face the total shutdown of socio-economic activities in the region and beyond. MASSOB Director of Information, Samuel …

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Corps Members’ January Allowance To Be Slightly Delayed – NYSC


The National Youth Service Corps on Thursday announced that there would be “a slight delay” in the payment of corps members’ allowance for the month of January. The NYSC management attributed the delay to discrepancies in planning figures for 2016 from its end, the Ministry of Budget and National Planning …

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Magu Seeks UAE’s Cooperation On Looted Funds, Extradition Of Indicted Officials


Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, yesterday sought the support of the United Arab Emirates in tracking looted funds and repatriating corrupt persons taking refuge in that country. Magu hinged his call for support on intelligence available to the EFCC that the UAE was …

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Boko Haram: Rebuilding Northeast To Cost Over N2trn – T.Y Danjuma

TY Danjuma

The Chairman, Presidential Committee on Northeast Initiative, Lt.-Gen. Theophilus Danjuma (retd.), has said that over two trillion naira will be required in the short-term to rebuild areas devastated by the Boko Haram insurgency. Danjuma made the statement at the opening of a two-day security seminar, organised by the Alumni Association …

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